diff --git a/tools-builder/toolchains/Cargo.lock b/tools-builder/toolchains/Cargo.lock
index f5cc50b4..afaa8fba 100644
--- a/tools-builder/toolchains/Cargo.lock
+++ b/tools-builder/toolchains/Cargo.lock
@@ -229,12 +229,6 @@ dependencies = [
  "syn",
 ]
 
-[[package]]
-name = "leb128"
-version = "0.2.5"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "884e2677b40cc8c339eaefcb701c32ef1fd2493d71118dc0ca4b6a736c93bd67"
-
 [[package]]
 name = "leb128fmt"
 version = "0.1.0"
@@ -421,16 +415,6 @@ version = "0.2.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "06abde3611657adf66d383f00b093d7faecc7fa57071cce2578660c9f1010821"
 
-[[package]]
-name = "wasm-encoder"
-version = "0.221.3"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "dc8444fe4920de80a4fe5ab564fff2ae58b6b73166b89751f8c6c93509da32e5"
-dependencies = [
- "leb128",
- "wasmparser 0.221.3",
-]
-
 [[package]]
 name = "wasm-encoder"
 version = "0.236.1"
@@ -451,6 +435,16 @@ dependencies = [
  "wasmparser 0.237.0",
 ]
 
+[[package]]
+name = "wasm-encoder"
+version = "0.238.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "50143b010bdc3adbd16275710f9085cc80d9c12cb869309a51a98ce2ff96558e"
+dependencies = [
+ "leb128fmt",
+ "wasmparser 0.238.0",
+]
+
 [[package]]
 name = "wasm-metadata"
 version = "0.237.0"
@@ -499,24 +493,35 @@ dependencies = [
  "semver",
 ]
 
+[[package]]
+name = "wasmparser"
+version = "0.238.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "c0ad4ca2ecb86b79ea410cd970985665de1d05774b7107b214bc5852b1bcbad7"
+dependencies = [
+ "bitflags",
+ "indexmap",
+ "semver",
+]
+
 [[package]]
 name = "wast"
-version = "236.0.1"
+version = "238.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d3bec4b4db9c6808d394632fd4b0cd4654c32c540bd3237f55ee6a40fff6e51f"
+checksum = "8c671ea796336ebaa49b963adb14cf13cb98de4e64d69ed4a16ace8c7b4db87b"
 dependencies = [
  "bumpalo",
  "leb128fmt",
  "memchr",
  "unicode-width",
- "wasm-encoder 0.236.1",
+ "wasm-encoder 0.238.0",
 ]
 
 [[package]]
 name = "wat"
-version = "1.236.1"
+version = "1.238.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "64475e2f77d6071ce90624098fc236285ddafa8c3ea1fb386f2c4154b6c2bbdb"
+checksum = "8de04a6a9c93aaae4de7bec6323bf11f810457b479f9f877e80d212fd77ffdbc"
 dependencies = [
  "wast",
 ]
diff --git a/tools-builder/toolchains/Cargo.toml b/tools-builder/toolchains/Cargo.toml
index 422142a4..5862ec83 100644
--- a/tools-builder/toolchains/Cargo.toml
+++ b/tools-builder/toolchains/Cargo.toml
@@ -18,7 +18,7 @@ log = "0.4"
 # WebAssembly parsing and manipulation
 wasmparser = "0.221"
 wasm-encoder = "0.236"
-wat = "1.221"
+wat = "1.238"
 
 # Component model support
 wit-parser = "0.221"