diff --git a/internal/transform/contract_data.go b/internal/transform/contract_data.go
index 8e681c52..30fec49b 100644
--- a/internal/transform/contract_data.go
+++ b/internal/transform/contract_data.go
@@ -94,7 +94,7 @@ func (t *TransformContractDataStruct) TransformContractData(ledgerChange ingest.
 	dataBalanceHolder, dataBalance, _ := t.ContractBalanceFromContractData(ledgerEntry, passphrase)
 	if dataBalance != nil {
 		holderHashByte, _ := xdr.Hash(dataBalanceHolder).MarshalBinary()
-		contractDataBalanceHolder, _ = strkey.Encode(strkey.VersionByteAccountID, holderHashByte)
+		contractDataBalanceHolder, _ = strkey.Encode(strkey.VersionByteContract, holderHashByte)
 		contractDataBalance = dataBalance.String()
 	}
 
diff --git a/internal/transform/contract_data_test.go b/internal/transform/contract_data_test.go
index 1d6639be..c215a4bd 100644
--- a/internal/transform/contract_data_test.go
+++ b/internal/transform/contract_data_test.go
@@ -131,7 +131,7 @@ func makeContractDataTestOutput() []ContractDataOutput {
 			ContractDataAssetCode:     "",
 			ContractDataAssetIssuer:   "",
 			ContractDataAssetType:     "AssetTypeAssetTypeNative",
-			ContractDataBalanceHolder: "GAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAWHF",
+			ContractDataBalanceHolder: "CAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAABSC4",
 			ContractDataBalance:       "0",
 			LastModifiedLedger:        24229503,
 			LedgerEntryChange:         1,