diff --git a/CHANGELOG.md b/CHANGELOG.md
index e749591e8..04b52016c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,6 @@
 ## Unreleased
 
-## 1.23.0-rc.0 / 2025-07-15
+## 1.23.0-rc.1 / 2025-07-15
 
 * [CHANGE] Minimum required Go version is now 1.23, only the two latest Go versions are supported from now on. #1812
 * [FEATURE] Add WrapCollectorWith and WrapCollectorWithPrefix #1766
diff --git a/VERSION b/VERSION
index 4c1a5c52a..5443b48a6 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-1.23.0-rc.0
+1.23.0-rc.1