diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6599ed3f..87f03c7a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,7 @@
 # Changelog
 
+## [3.7.8-develop.1](https://github.com/cheqd/sdk/compare/3.7.7...3.7.8-develop.1) (2024-01-16)
+
 ## [3.7.7](https://github.com/cheqd/sdk/compare/3.7.6...3.7.7) (2024-01-08)
 
 
diff --git a/package.json b/package.json
index 0126b605..77666aec 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
 	"name": "@cheqd/sdk",
-	"version": "3.7.7",
+	"version": "3.7.8-develop.1",
 	"description": "A TypeScript SDK built with CosmJS to interact with cheqd network ledger",
 	"license": "Apache-2.0",
 	"author": "Cheqd Foundation Limited (https://github.com/cheqd)",