diff --git a/src/MetaMorpho.sol b/src/MetaMorpho.sol
index aec32622..e4519fc4 100644
--- a/src/MetaMorpho.sol
+++ b/src/MetaMorpho.sol
@@ -344,6 +344,8 @@ contract MetaMorpho is ERC4626, ERC20Permit, Ownable2Step, Multicall, IMetaMorph
     /// simply bundle a reallocation that withdraws max from this market with a call to `sortWithdrawQueue`.
     /// @param indexes The indexes of each market in the previous withdraw queue, in the new withdraw queue's order.
     function updateWithdrawQueue(uint256[] calldata indexes) external onlyAllocatorRole {
+        _updateLastTotalAssets(_accrueFee());
+
         uint256 newLength = indexes.length;
         uint256 currLength = withdrawQueue.length;
 
@@ -381,6 +383,8 @@ contract MetaMorpho is ERC4626, ERC20Permit, Ownable2Step, Multicall, IMetaMorph
 
         withdrawQueue = newWithdrawQueue;
 
+        _updateLastTotalAssets(totalAssets());
+
         emit EventsLib.SetWithdrawQueue(_msgSender(), newWithdrawQueue);
     }