diff --git a/Cargo.lock b/Cargo.lock
index 4398205ad89..7853d9b9544 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -4633,11 +4633,12 @@ dependencies = [
 
 [[package]]
 name = "serde_json"
-version = "1.0.120"
+version = "1.0.121"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "4e0d21c9a8cae1235ad58a00c11cb40d4b1e5c784f1ef2c537876ed6ffd8b7c5"
+checksum = "4ab380d7d9f22ef3f21ad3e6c1ebe8e4fc7a2000ccba2e4d71fc96f15b2cb609"
 dependencies = [
  "itoa",
+ "memchr",
  "ryu",
  "serde",
 ]
diff --git a/libraries/pod/Cargo.toml b/libraries/pod/Cargo.toml
index 983eb539174..15ad72d1019 100644
--- a/libraries/pod/Cargo.toml
+++ b/libraries/pod/Cargo.toml
@@ -22,7 +22,7 @@ solana-zk-token-sdk = "2.0.3"
 spl-program-error = { version = "0.5.0", path = "../program-error" }
 
 [dev-dependencies]
-serde_json = "1.0.120"
+serde_json = "1.0.121"
 
 [lib]
 crate-type = ["cdylib", "lib"]
diff --git a/single-pool/cli/Cargo.toml b/single-pool/cli/Cargo.toml
index 489c79cada5..50dfa8a254e 100644
--- a/single-pool/cli/Cargo.toml
+++ b/single-pool/cli/Cargo.toml
@@ -15,7 +15,7 @@ borsh = "1.5.1"
 bincode = "1.3.1"
 serde = "1.0.204"
 serde_derive = "1.0.103"
-serde_json = "1.0.120"
+serde_json = "1.0.121"
 serde_with = "3.9.0"
 solana-account-decoder = "2.0.3"
 solana-clap-v3-utils = "2.0.3"
diff --git a/stake-pool/cli/Cargo.toml b/stake-pool/cli/Cargo.toml
index b21b344a32c..3c6dd8e7c1e 100644
--- a/stake-pool/cli/Cargo.toml
+++ b/stake-pool/cli/Cargo.toml
@@ -13,7 +13,7 @@ borsh = "1.5.1"
 clap = "2.33.3"
 serde = "1.0.204"
 serde_derive = "1.0.130"
-serde_json = "1.0.120"
+serde_json = "1.0.121"
 solana-account-decoder = "2.0.3"
 solana-clap-utils = "2.0.3"
 solana-cli-config = "2.0.3"
diff --git a/token-metadata/interface/Cargo.toml b/token-metadata/interface/Cargo.toml
index a9f27b2d24e..c752adb419b 100644
--- a/token-metadata/interface/Cargo.toml
+++ b/token-metadata/interface/Cargo.toml
@@ -22,7 +22,7 @@ spl-pod = { version = "0.3.0", path = "../../libraries/pod", features = [
 ] }
 
 [dev-dependencies]
-serde_json = "1.0.120"
+serde_json = "1.0.121"
 
 [lib]
 crate-type = ["cdylib", "lib"]
diff --git a/token/cli/Cargo.toml b/token/cli/Cargo.toml
index 2c54ae7fedb..ba4c3d58456 100644
--- a/token/cli/Cargo.toml
+++ b/token/cli/Cargo.toml
@@ -18,7 +18,7 @@ console = "0.15.8"
 futures = "0.3"
 serde = "1.0.204"
 serde_derive = "1.0.103"
-serde_json = "1.0.120"
+serde_json = "1.0.121"
 solana-account-decoder = "2.0.3"
 solana-clap-utils = "2.0.3"
 solana-cli-config = "2.0.3"
diff --git a/token/program-2022/Cargo.toml b/token/program-2022/Cargo.toml
index 18e3f95531b..1733d87f3c3 100644
--- a/token/program-2022/Cargo.toml
+++ b/token/program-2022/Cargo.toml
@@ -44,7 +44,7 @@ serial_test = "3.1.1"
 solana-program-test = "2.0.3"
 solana-sdk = "2.0.3"
 spl-tlv-account-resolution = { version = "0.7.0", path = "../../libraries/tlv-account-resolution" }
-serde_json = "1.0.120"
+serde_json = "1.0.121"
 
 [lib]
 crate-type = ["cdylib", "lib"]
diff --git a/token/transfer-hook/cli/Cargo.toml b/token/transfer-hook/cli/Cargo.toml
index 3ed240276e5..2a27ea99b3f 100644
--- a/token/transfer-hook/cli/Cargo.toml
+++ b/token/transfer-hook/cli/Cargo.toml
@@ -23,7 +23,7 @@ strum = "0.26"
 strum_macros = "0.26"
 tokio = { version = "1", features = ["full"] }
 serde = { version = "1.0.204", features = ["derive"] }
-serde_json = "1.0.120"
+serde_json = "1.0.121"
 serde_yaml = "0.9.34"
 
 [dev-dependencies]