diff --git a/charts/sequencer-faucet/Chart.yaml b/charts/sequencer-faucet/Chart.yaml
index c9b3118..9b014aa 100644
--- a/charts/sequencer-faucet/Chart.yaml
+++ b/charts/sequencer-faucet/Chart.yaml
@@ -15,13 +15,13 @@ type: application
 # This is the chart version. This version number should be incremented each time you make changes
 # to the chart and its templates, including the app version.
 # Versions are expected to follow Semantic Versioning (https://semver.org/)
-version: 0.4.2
+version: 0.5.0
 
 # This is the version number of the application being deployed. This version number should be
 # incremented each time you make changes to the application. Versions are not expected to
 # follow Semantic Versioning. They should reflect the version the application is using.
 # It is recommended to use it with quotes.
-appVersion: "0.4.0"
+appVersion: "0.5.0"
 
 maintainers:
   - name: wafflesvonmaple
diff --git a/charts/sequencer-faucet/values.yaml b/charts/sequencer-faucet/values.yaml
index fc0ec14..4edc5c7 100644
--- a/charts/sequencer-faucet/values.yaml
+++ b/charts/sequencer-faucet/values.yaml
@@ -15,7 +15,7 @@ config:
   amount: 1800
 
 images:
-  sequencerFaucet: "ghcr.io/astriaorg/seq-faucet:0.4.0"
+  sequencerFaucet: "ghcr.io/astriaorg/seq-faucet:0.5.0"
 
 # When deploying in a production environment should use a secret provider
 # This is configured for use with GCP, need to set own resource names