diff --git a/src/status_im/contexts/wallet/events.cljs b/src/status_im/contexts/wallet/events.cljs
index e00cc1a2ec..bd3d1d9607 100644
--- a/src/status_im/contexts/wallet/events.cljs
+++ b/src/status_im/contexts/wallet/events.cljs
@@ -362,11 +362,19 @@
 
 (rf/reg-event-fx :wallet/address-validation-success
  (fn [{:keys [db]}]
-   {:db (assoc-in db [:wallet :ui :search-address :valid-ens-or-address?] true)}))
+   {:db (update-in db
+                   [:wallet :ui :search-address]
+                   assoc
+                   :valid-ens-or-address? true
+                   :loading?              false)}))
 
 (rf/reg-event-fx :wallet/address-validation-failed
  (fn [{:keys [db]}]
-   {:db (assoc-in db [:wallet :ui :search-address :valid-ens-or-address?] false)}))
+   {:db (update-in db
+                   [:wallet :ui :search-address]
+                   assoc
+                   :valid-ens-or-address? false
+                   :loading?              false)}))
 
 (rf/reg-event-fx :wallet/clean-local-suggestions
  (fn [{:keys [db]}]
@@ -374,6 +382,10 @@
             (assoc-in [:wallet :ui :search-address :local-suggestions] [])
             (assoc-in [:wallet :ui :search-address :valid-ens-or-address?] false))}))
 
+(rf/reg-event-fx :wallet/searching-address
+ (fn [{:keys [db]}]
+   {:db (assoc-in db [:wallet :ui :search-address :loading?] true)}))
+
 (rf/reg-event-fx
  :wallet/navigate-to-chain-explorer-from-bottom-sheet
  (fn [_ [explorer-link address]]
diff --git a/src/status_im/contexts/wallet/send/select_address/view.cljs b/src/status_im/contexts/wallet/send/select_address/view.cljs
index f936422114..a92e372d97 100644
--- a/src/status_im/contexts/wallet/send/select_address/view.cljs
+++ b/src/status_im/contexts/wallet/send/select_address/view.cljs
@@ -76,6 +76,7 @@
                                     300)))
         :on-change-text        (fn [text]
                                  (rf/dispatch [:wallet/clean-local-suggestions])
+                                 (rf/dispatch [:wallet/searching-address])
                                  (validate-address text)
                                  (reset! input-value text))
         :valid-ens-or-address? valid-ens-or-address?}])))
@@ -182,7 +183,8 @@
         input-focused? (reagent/atom false)]
     (fn []
       (let [selected-tab          (or (rf/sub [:wallet/send-tab]) (:id (first tabs-data)))
-            valid-ens-or-address? (boolean (rf/sub [:wallet/valid-ens-or-address?]))]
+            valid-ens-or-address? (boolean (rf/sub [:wallet/valid-ens-or-address?]))
+            searching-address?    (rf/sub [:wallet/searching-address?])]
         [floating-button-page/view
          {:content-container-style      {:flex 1}
           :footer-container-padding     0
@@ -198,7 +200,7 @@
            :title-accessibility-label :title-label}]
          [address-input input-value input-focused?]
          [quo/divider-line]
-         (when (and (not valid-ens-or-address?) (> (count @input-value) 0))
+         (when (and (not valid-ens-or-address?) (> (count @input-value) 0) (not searching-address?))
            [rn/view {:style {:padding 20}}
             [quo/info-message
              {:status :error
diff --git a/src/status_im/subs/wallet/wallet.cljs b/src/status_im/subs/wallet/wallet.cljs
index e481c1c7fb..103fae5f03 100644
--- a/src/status_im/subs/wallet/wallet.cljs
+++ b/src/status_im/subs/wallet/wallet.cljs
@@ -595,6 +595,11 @@
  :<- [:wallet/search-address]
  :-> :valid-ens-or-address?)
 
+(rf/reg-sub
+ :wallet/searching-address?
+ :<- [:wallet/search-address]
+ :-> :loading?)
+
 (rf/reg-sub
  :wallet/aggregated-fiat-balance-per-chain
  :<- [:wallet/aggregated-tokens]