diff --git a/go.mod b/go.mod
index 162e6317f..1dccd2395 100644
--- a/go.mod
+++ b/go.mod
@@ -184,7 +184,7 @@ replace (
 	// Use the keyring specified by the cosmos-sdk
 	github.com/99designs/keyring => github.com/cosmos/keyring v1.1.7-0.20210622111912-ef00f8ac3d76
 	// lock wasmvm so we do not break the grandpa contract
-	github.com/CosmWasm/wasmvm => github.com/CosmWasm/wasmvm v1.2.2
+	github.com/CosmWasm/wasmvm => github.com/CosmWasm/wasmvm v1.2.1
 	// ibc-go with wasm client
 	github.com/cosmos/ibc-go/v7 => github.com/notional-labs/ibc-go/v7 v7.0.0-wasm-client
 
diff --git a/go.sum b/go.sum
index 763bf1b3f..fdbac6cf0 100644
--- a/go.sum
+++ b/go.sum
@@ -214,8 +214,8 @@ github.com/ChainSafe/go-schnorrkel v0.0.0-20200405005733-88cbf1b4c40d h1:nalkkPQ
 github.com/ChainSafe/go-schnorrkel v0.0.0-20200405005733-88cbf1b4c40d/go.mod h1:URdX5+vg25ts3aCh8H5IFZybJYKWhJHYMTnf+ULtoC4=
 github.com/CosmWasm/wasmd v0.40.1 h1:LxbO78t/6S8TkeQlUrJ0m5O87HtAwLx4RGHq3rdrOEU=
 github.com/CosmWasm/wasmd v0.40.1/go.mod h1:6EOwnv7MpuFaEqxcUOdFV9i4yvrdOciaY6VQ1o7A3yg=
-github.com/CosmWasm/wasmvm v1.2.2 h1:F1lTaMRYxk91V9ufV8gYhzLea7sd6AG/GvY1h2JtZsY=
-github.com/CosmWasm/wasmvm v1.2.2/go.mod h1:vW/E3h8j9xBQs9bCoijDuawKo9kCtxOaS8N8J7KFtkc=
+github.com/CosmWasm/wasmvm v1.2.1 h1:si0tRsRDdUShV0k51Wn6zRKlmj3/WWP9Yr4cLmDTf+8=
+github.com/CosmWasm/wasmvm v1.2.1/go.mod h1:vW/E3h8j9xBQs9bCoijDuawKo9kCtxOaS8N8J7KFtkc=
 github.com/DataDog/datadog-go v3.2.0+incompatible/go.mod h1:LButxg5PwREeZtORoXG3tL4fMGNddJ+vMq1mwgfaqoQ=
 github.com/Knetic/govaluate v3.0.1-0.20171022003610-9aa49832a739+incompatible/go.mod h1:r7JcOSlj0wfOMncg0iLm8Leh48TZaKVeNIfJntJ2wa0=
 github.com/Microsoft/go-winio v0.6.0 h1:slsWYD/zyx7lCXoZVlvQrj0hPTM1HI4+v1sIda2yDvg=