diff --git a/VERSION b/VERSION
index 26aaba0e8..6085e9465 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-1.2.0
+1.2.1
diff --git a/changelog.txt b/changelog.txt
index de1d18c72..6e28674b9 100644
--- a/changelog.txt
+++ b/changelog.txt
@@ -1,5 +1,11 @@
 # Wave changelog
-1.2.0 - 22 Jan 2023
+1.2.1 - 28 Jan 2024
+- Add support for SurrealDB v1.x (stable)  (#388) [e8ba40c7]
+- Remove TimedInputStream class [f59b02b3]
+- Remove unused setting [73cbbd29]
+- Bump nf-jdk:corretto-17.0.10-jemalloc as base image [a426d67e]
+
+1.2.0 - 22 Jan 2024
 - Add support for Cloudflare WAF token  (#383) [565ed112]
 - Add support for blob caching (#359) [627229ba]
 - Fix bootstrap error when blobCache is disabled [cf4e60dc]