diff --git a/Cargo.lock b/Cargo.lock
index e08556e0c91..d7145d454a8 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -5250,7 +5250,7 @@ dependencies = [
  "solana-sdk",
  "solana-transaction-status",
  "solana-vote-program",
- "spl-memo 4.0.1 (registry+https://github.com/rust-lang/crates.io-index)",
+ "spl-memo 4.0.1",
 ]
 
 [[package]]
@@ -5495,7 +5495,7 @@ dependencies = [
  "solana-metrics",
  "solana-sdk",
  "solana-version",
- "spl-memo 4.0.1 (registry+https://github.com/rust-lang/crates.io-index)",
+ "spl-memo 4.0.1",
  "thiserror",
  "tokio",
 ]
@@ -6523,7 +6523,7 @@ dependencies = [
  "solana-account-decoder",
  "solana-sdk",
  "spl-associated-token-account 3.0.2 (registry+https://github.com/rust-lang/crates.io-index)",
- "spl-memo 4.0.1 (registry+https://github.com/rust-lang/crates.io-index)",
+ "spl-memo 4.0.1",
  "spl-token 4.0.1",
  "spl-token-2022 3.0.2 (registry+https://github.com/rust-lang/crates.io-index)",
  "spl-token-group-interface 0.2.3 (registry+https://github.com/rust-lang/crates.io-index)",
@@ -7192,19 +7192,19 @@ dependencies = [
 [[package]]
 name = "spl-memo"
 version = "4.0.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "58e9bae02de3405079a057fe244c867a08f92d48327d231fc60da831f94caf0a"
 dependencies = [
  "solana-program",
- "solana-program-test",
- "solana-sdk",
 ]
 
 [[package]]
 name = "spl-memo"
-version = "4.0.1"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "58e9bae02de3405079a057fe244c867a08f92d48327d231fc60da831f94caf0a"
+version = "5.0.0"
 dependencies = [
  "solana-program",
+ "solana-program-test",
+ "solana-sdk",
 ]
 
 [[package]]
@@ -7523,7 +7523,7 @@ dependencies = [
  "solana-sdk",
  "solana-security-txt",
  "solana-zk-token-sdk",
- "spl-memo 4.0.1",
+ "spl-memo 5.0.0",
  "spl-pod 0.2.2",
  "spl-tlv-account-resolution 0.6.3",
  "spl-token 5.0.0",
@@ -7548,7 +7548,7 @@ dependencies = [
  "solana-program",
  "solana-security-txt",
  "solana-zk-token-sdk",
- "spl-memo 4.0.1 (registry+https://github.com/rust-lang/crates.io-index)",
+ "spl-memo 4.0.1",
  "spl-pod 0.2.2 (registry+https://github.com/rust-lang/crates.io-index)",
  "spl-token 4.0.1",
  "spl-token-group-interface 0.2.3 (registry+https://github.com/rust-lang/crates.io-index)",
@@ -7570,7 +7570,7 @@ dependencies = [
  "solana-sdk",
  "spl-associated-token-account 3.0.2",
  "spl-instruction-padding",
- "spl-memo 4.0.1",
+ "spl-memo 5.0.0",
  "spl-pod 0.2.2",
  "spl-tlv-account-resolution 0.6.3",
  "spl-token-2022 3.0.2",
@@ -7608,7 +7608,7 @@ dependencies = [
  "solana-test-validator",
  "solana-transaction-status",
  "spl-associated-token-account 3.0.2",
- "spl-memo 4.0.1",
+ "spl-memo 5.0.0",
  "spl-token 5.0.0",
  "spl-token-2022 3.0.2",
  "spl-token-client",
@@ -7636,7 +7636,7 @@ dependencies = [
  "solana-rpc-client-api",
  "solana-sdk",
  "spl-associated-token-account 3.0.2",
- "spl-memo 4.0.1",
+ "spl-memo 5.0.0",
  "spl-token 5.0.0",
  "spl-token-2022 3.0.2",
  "spl-token-group-interface 0.2.3",
@@ -8292,7 +8292,7 @@ name = "test-client"
 version = "0.1.0"
 dependencies = [
  "solana-sdk",
- "spl-memo 4.0.1",
+ "spl-memo 5.0.0",
  "spl-token 5.0.0",
  "spl-token-swap",
 ]
diff --git a/memo/program/Cargo.toml b/memo/program/Cargo.toml
index cc91eddcc6e..762fc447e19 100644
--- a/memo/program/Cargo.toml
+++ b/memo/program/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "spl-memo"
-version = "4.0.1"
+version = "5.0.0"
 description = "Solana Program Library Memo"
 authors = ["Solana Labs Maintainers <maintainers@solanalabs.com>"]
 repository = "https://github.com/solana-labs/solana-program-library"
diff --git a/token/cli/Cargo.toml b/token/cli/Cargo.toml
index 7ad858b9315..53eb6484dee 100644
--- a/token/cli/Cargo.toml
+++ b/token/cli/Cargo.toml
@@ -40,7 +40,7 @@ spl-token-group-interface = { version = "0.2.3", path = "../../token-group/inter
 spl-associated-token-account = { version = "3.0.2", path = "../../associated-token-account/program", features = [
   "no-entrypoint",
 ] }
-spl-memo = { version = "4.0", path = "../../memo/program", features = [
+spl-memo = { version = "5.0", path = "../../memo/program", features = [
   "no-entrypoint",
 ] }
 strum = "0.26"
diff --git a/token/client/Cargo.toml b/token/client/Cargo.toml
index 0f3de45597a..564c3403da0 100644
--- a/token/client/Cargo.toml
+++ b/token/client/Cargo.toml
@@ -23,7 +23,7 @@ solana-sdk = "2.0.0"
 spl-associated-token-account = { version = "3.0.2", path = "../../associated-token-account/program", features = [
   "no-entrypoint",
 ] }
-spl-memo = { version = "4.0", path = "../../memo/program", features = [
+spl-memo = { version = "5.0", path = "../../memo/program", features = [
   "no-entrypoint",
 ] }
 spl-token = { version = "5.0", path = "../program", features = [
diff --git a/token/program-2022-test/Cargo.toml b/token/program-2022-test/Cargo.toml
index 89e12525530..80e6626f03a 100644
--- a/token/program-2022-test/Cargo.toml
+++ b/token/program-2022-test/Cargo.toml
@@ -23,7 +23,7 @@ solana-program = "2.0.0"
 solana-program-test = "2.0.0"
 solana-sdk = "2.0.0"
 spl-associated-token-account = { version = "3.0.2", path = "../../associated-token-account/program" }
-spl-memo = { version = "4.0.1", path = "../../memo/program", features = [
+spl-memo = { version = "5.0.0", path = "../../memo/program", features = [
   "no-entrypoint",
 ] }
 spl-pod = { version = "0.2.2", path = "../../libraries/pod" }
diff --git a/token/program-2022/Cargo.toml b/token/program-2022/Cargo.toml
index d25efea39b5..a63f2915051 100644
--- a/token/program-2022/Cargo.toml
+++ b/token/program-2022/Cargo.toml
@@ -29,7 +29,7 @@ num_enum = "0.7.2"
 solana-program = "2.0.0"
 solana-security-txt = "1.1.1"
 solana-zk-token-sdk = "2.0.0"
-spl-memo = { version = "4.0", path = "../../memo/program", features = [ "no-entrypoint" ] }
+spl-memo = { version = "5.0", path = "../../memo/program", features = [ "no-entrypoint" ] }
 spl-token = { version = "5.0",  path = "../program", features = ["no-entrypoint"] }
 spl-token-group-interface = { version = "0.2.3", path = "../../token-group/interface" }
 spl-token-metadata-interface = { version = "0.3.3", path = "../../token-metadata/interface" }