diff --git a/CHANGELOG.md b/CHANGELOG.md
index ba2dab3d..9e514b57 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -43,6 +43,12 @@ Ref: https://keepachangelog.com/en/1.0.0/
 
 ## [Unreleased]
 
+## [v1.2.1](https://github.com/umee-network/peggo/releases/tag/v1.2.1) - 2022-10-06
+
+### Improvements
+
+- [#381] Improve `eth-merge-pause` flag
+
 ## [v1.2.0](https://github.com/umee-network/peggo/releases/tag/v1.2.0) - 2022-10-01
 
 ### Improvements