diff --git a/CHANGELOG.md b/CHANGELOG.md
index e145dae1..b9bab8f8 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -13,6 +13,9 @@ directly impact users rather than highlighting other key architectural updates.*
 - Delete Zashi feature has been added. It's accessible from the Advanced settings screen. It removes the wallet 
   secrets from Zashi and resets its state. 
 
+### Changed
+- We've improved the visibility logic of the little loader that is part of the Balances widget
+
 ## [1.0 (638)] - 2024-04-26
 
 ### Fixed
diff --git a/ui-lib/src/main/java/co/electriccoin/zcash/ui/common/viewmodel/WalletViewModel.kt b/ui-lib/src/main/java/co/electriccoin/zcash/ui/common/viewmodel/WalletViewModel.kt
index b9af82fa..264b09c4 100644
--- a/ui-lib/src/main/java/co/electriccoin/zcash/ui/common/viewmodel/WalletViewModel.kt
+++ b/ui-lib/src/main/java/co/electriccoin/zcash/ui/common/viewmodel/WalletViewModel.kt
@@ -31,6 +31,7 @@ import co.electriccoin.zcash.ui.common.model.OnboardingState
 import co.electriccoin.zcash.ui.common.model.WalletRestoringState
 import co.electriccoin.zcash.ui.common.model.WalletSnapshot
 import co.electriccoin.zcash.ui.common.model.hasChangePending
+import co.electriccoin.zcash.ui.common.model.hasValuePending
 import co.electriccoin.zcash.ui.common.model.spendableBalance
 import co.electriccoin.zcash.ui.common.model.totalBalance
 import co.electriccoin.zcash.ui.preference.EncryptedPreferenceKeys
@@ -251,13 +252,12 @@ class WalletViewModel(application: Application) : AndroidViewModel(application)
             .map { snapshot ->
                 when {
                     // Show the loader only under these conditions:
-                    // - Available balance is currently zero
-                    // - Wallet has some ChangePending in progress
-                    // - And Total balance is non-zero
+                    // - Available balance is currently zero AND total balance is non-zero
+                    // - And wallet has some ChangePending or ValuePending in progress
                     (
                         snapshot.spendableBalance().value == 0L &&
-                            snapshot.hasChangePending() &&
-                            snapshot.totalBalance().value > 0L
+                            snapshot.totalBalance().value > 0L &&
+                            (snapshot.hasChangePending() || snapshot.hasValuePending())
                     ) -> {
                         BalanceState.Loading(
                             totalBalance = snapshot.totalBalance()