diff --git a/CHANGELOG_PENDING.md b/CHANGELOG_PENDING.md
index 4c57daaa2..abc908051 100644
--- a/CHANGELOG_PENDING.md
+++ b/CHANGELOG_PENDING.md
@@ -1,4 +1,4 @@
-## v0.32.11
+## v0.32.12
 
 \*\*
 
diff --git a/version/version.go b/version/version.go
index c748054a6..143ee352c 100644
--- a/version/version.go
+++ b/version/version.go
@@ -21,7 +21,7 @@ const (
 	// XXX: Don't change the name of this variable or you will break
 	// automation :)
 
-	TMCoreSemVer = "0.32.10"
+	TMCoreSemVer = "0.32.11"
 
 	// ABCISemVer is the semantic version of the ABCI library
 	ABCISemVer  = "0.16.1"