diff --git a/drongo b/drongo
index b4873964..d48054ac 160000
--- a/drongo
+++ b/drongo
@@ -1 +1 @@
-Subproject commit b487396417fbdf3c73c24399a778855c97a26584
+Subproject commit d48054ac6ba071b49180017fe12e3acb41635b9c
diff --git a/src/main/java/com/sparrowwallet/sparrow/AppController.java b/src/main/java/com/sparrowwallet/sparrow/AppController.java
index 0954e47d..d2674f1c 100644
--- a/src/main/java/com/sparrowwallet/sparrow/AppController.java
+++ b/src/main/java/com/sparrowwallet/sparrow/AppController.java
@@ -1068,11 +1068,14 @@ public class AppController implements Initializable {
     }
 
     public void importWallet(ActionEvent event) {
-        WalletImportDialog dlg = new WalletImportDialog();
+        List<WalletForm> selectedWalletForms = getSelectedWalletForms();
+        WalletImportDialog dlg = new WalletImportDialog(selectedWalletForms);
         Optional<Wallet> optionalWallet = dlg.showAndWait();
         if(optionalWallet.isPresent()) {
             Wallet wallet = optionalWallet.get();
-            addImportedWallet(wallet);
+            if(selectedWalletForms.isEmpty() || wallet != selectedWalletForms.get(0).getWallet()) {
+                addImportedWallet(wallet);
+            }
         }
     }
 
@@ -1653,6 +1656,19 @@ public class AppController implements Initializable {
         return null;
     }
 
+    public List<WalletForm> getSelectedWalletForms() {
+        Tab selectedTab = tabs.getSelectionModel().getSelectedItem();
+        if(selectedTab != null) {
+            TabData tabData = (TabData) selectedTab.getUserData();
+            if(tabData instanceof WalletTabData) {
+                TabPane subTabs = (TabPane) selectedTab.getContent();
+                return subTabs.getTabs().stream().map(subTab -> ((WalletTabData) subTab.getUserData()).getWalletForm()).collect(Collectors.toList());
+            }
+        }
+
+        return Collections.emptyList();
+    }
+
     private void addTransactionTab(String name, File file, String string) throws ParseException, PSBTParseException, TransactionParseException {
         if(Utils.isBase64(string) && !Utils.isHex(string)) {
             addTransactionTab(name, file, Base64.getDecoder().decode(string));
diff --git a/src/main/java/com/sparrowwallet/sparrow/control/DevicePane.java b/src/main/java/com/sparrowwallet/sparrow/control/DevicePane.java
index 6d6c9551..4b2df0b9 100644
--- a/src/main/java/com/sparrowwallet/sparrow/control/DevicePane.java
+++ b/src/main/java/com/sparrowwallet/sparrow/control/DevicePane.java
@@ -975,7 +975,7 @@ public class DevicePane extends TitledDescriptionPane {
             }
             importButton.setVisible(true);
             showHideLink.setText("Show derivation...");
-            showHideLink.setVisible(true);
+            showHideLink.setVisible(!device.isCard());
             List<ChildNumber> defaultDerivation = wallet.getScriptType() == null ? ScriptType.P2WPKH.getDefaultDerivation() : wallet.getScriptType().getDefaultDerivation();
             setContent(getDerivationEntry(keyDerivation == null ? defaultDerivation : keyDerivation.getDerivation()));
         } else if(deviceOperation.equals(DeviceOperation.SIGN)) {
diff --git a/src/main/java/com/sparrowwallet/sparrow/control/WalletExportDialog.java b/src/main/java/com/sparrowwallet/sparrow/control/WalletExportDialog.java
index f3e460ff..a160e976 100644
--- a/src/main/java/com/sparrowwallet/sparrow/control/WalletExportDialog.java
+++ b/src/main/java/com/sparrowwallet/sparrow/control/WalletExportDialog.java
@@ -42,9 +42,9 @@ public class WalletExportDialog extends Dialog<Wallet> {
 
         List<WalletExport> exporters;
         if(wallet.getPolicyType() == PolicyType.SINGLE) {
-            exporters = List.of(new Electrum(), new ElectrumPersonalServer(), new Descriptor(), new SpecterDesktop(), new Sparrow());
+            exporters = List.of(new Electrum(), new ElectrumPersonalServer(), new Descriptor(), new SpecterDesktop(), new Sparrow(), new WalletLabels());
         } else if(wallet.getPolicyType() == PolicyType.MULTI) {
-            exporters = List.of(new CaravanMultisig(), new ColdcardMultisig(), new CoboVaultMultisig(), new Electrum(), new ElectrumPersonalServer(), new KeystoneMultisig(), new Descriptor(), new JadeMultisig(), new PassportMultisig(), new SpecterDesktop(), new BlueWalletMultisig(), new SpecterDIY(), new Sparrow());
+            exporters = List.of(new CaravanMultisig(), new ColdcardMultisig(), new CoboVaultMultisig(), new Electrum(), new ElectrumPersonalServer(), new KeystoneMultisig(), new Descriptor(), new JadeMultisig(), new PassportMultisig(), new SpecterDesktop(), new BlueWalletMultisig(), new SpecterDIY(), new Sparrow(), new WalletLabels());
         } else {
             throw new UnsupportedOperationException("Cannot export wallet with policy type " + wallet.getPolicyType());
         }
diff --git a/src/main/java/com/sparrowwallet/sparrow/control/WalletImportDialog.java b/src/main/java/com/sparrowwallet/sparrow/control/WalletImportDialog.java
index eb589b93..0b18ee5c 100644
--- a/src/main/java/com/sparrowwallet/sparrow/control/WalletImportDialog.java
+++ b/src/main/java/com/sparrowwallet/sparrow/control/WalletImportDialog.java
@@ -9,6 +9,7 @@ import com.sparrowwallet.sparrow.event.WalletImportEvent;
 import com.sparrowwallet.sparrow.glyphfont.FontAwesome5;
 import com.sparrowwallet.sparrow.glyphfont.FontAwesome5Brands;
 import com.sparrowwallet.sparrow.io.*;
+import com.sparrowwallet.sparrow.wallet.WalletForm;
 import javafx.application.Platform;
 import javafx.event.ActionEvent;
 import javafx.scene.control.*;
@@ -16,6 +17,7 @@ import javafx.scene.layout.AnchorPane;
 import javafx.scene.layout.StackPane;
 import org.controlsfx.glyphfont.Glyph;
 
+import java.util.ArrayList;
 import java.util.Comparator;
 import java.util.List;
 
@@ -24,7 +26,7 @@ public class WalletImportDialog extends Dialog<Wallet> {
     private final Accordion importAccordion;
     private final Button scanButton;
 
-    public WalletImportDialog() {
+    public WalletImportDialog(List<WalletForm> selectedWalletForms) {
         EventManager.get().register(this);
         setOnCloseRequest(event -> {
             EventManager.get().unregister(this);
@@ -57,7 +59,10 @@ public class WalletImportDialog extends Dialog<Wallet> {
             }
         }
 
-        List<WalletImport> walletImporters = List.of(new CaravanMultisig(), new ColdcardMultisig(), new CoboVaultMultisig(), new Electrum(), new KeystoneMultisig(), new Descriptor(), new SpecterDesktop(), new BlueWalletMultisig(), new Sparrow());
+        List<WalletImport> walletImporters = new ArrayList<>(List.of(new CaravanMultisig(), new ColdcardMultisig(), new CoboVaultMultisig(), new Electrum(), new KeystoneMultisig(), new Descriptor(), new SpecterDesktop(), new BlueWalletMultisig(), new Sparrow()));
+        if(!selectedWalletForms.isEmpty()) {
+            walletImporters.add(new WalletLabels(selectedWalletForms));
+        }
         for(WalletImport importer : walletImporters) {
             if(!importer.isDeprecated() || Config.get().isShowDeprecatedImportExport()) {
                 FileWalletImportPane importPane = new FileWalletImportPane(importer);
diff --git a/src/main/java/com/sparrowwallet/sparrow/event/WalletEntryLabelsChangedEvent.java b/src/main/java/com/sparrowwallet/sparrow/event/WalletEntryLabelsChangedEvent.java
index ae0f6759..7f766286 100644
--- a/src/main/java/com/sparrowwallet/sparrow/event/WalletEntryLabelsChangedEvent.java
+++ b/src/main/java/com/sparrowwallet/sparrow/event/WalletEntryLabelsChangedEvent.java
@@ -11,22 +11,29 @@ import java.util.*;
 public class WalletEntryLabelsChangedEvent extends WalletChangedEvent {
     //Contains the changed entry mapped to the entry that changed it, if changed recursively (otherwise null)
     private final Map<Entry, Entry> entrySourceMap;
+    private final boolean propagate;
 
     public WalletEntryLabelsChangedEvent(Wallet wallet, Entry entry) {
         this(wallet, List.of(entry));
     }
 
     public WalletEntryLabelsChangedEvent(Wallet wallet, List<Entry> entries) {
+        this(wallet, entries, true);
+    }
+
+    public WalletEntryLabelsChangedEvent(Wallet wallet, List<Entry> entries, boolean propagate) {
         super(wallet);
         this.entrySourceMap = new LinkedHashMap<>();
         for(Entry entry : entries) {
             entrySourceMap.put(entry, null);
         }
+        this.propagate = propagate;
     }
 
     public WalletEntryLabelsChangedEvent(Wallet wallet, Map<Entry, Entry> entrySourceMap) {
         super(wallet);
         this.entrySourceMap = entrySourceMap;
+        this.propagate = true;
     }
 
     public Collection<Entry> getEntries() {
@@ -36,4 +43,8 @@ public class WalletEntryLabelsChangedEvent extends WalletChangedEvent {
     public Entry getSource(Entry entry) {
         return entrySourceMap.get(entry);
     }
+
+    public boolean propagate() {
+        return propagate;
+    }
 }
diff --git a/src/main/java/com/sparrowwallet/sparrow/io/WalletLabels.java b/src/main/java/com/sparrowwallet/sparrow/io/WalletLabels.java
new file mode 100644
index 00000000..13faf217
--- /dev/null
+++ b/src/main/java/com/sparrowwallet/sparrow/io/WalletLabels.java
@@ -0,0 +1,296 @@
+package com.sparrowwallet.sparrow.io;
+
+import com.google.gson.Gson;
+import com.sparrowwallet.drongo.KeyPurpose;
+import com.sparrowwallet.drongo.OutputDescriptor;
+import com.sparrowwallet.drongo.wallet.*;
+import com.sparrowwallet.sparrow.AppServices;
+import com.sparrowwallet.sparrow.EventManager;
+import com.sparrowwallet.sparrow.event.KeystoreLabelsChangedEvent;
+import com.sparrowwallet.sparrow.event.WalletEntryLabelsChangedEvent;
+import com.sparrowwallet.sparrow.wallet.*;
+import org.slf4j.Logger;
+import org.slf4j.LoggerFactory;
+
+import java.io.*;
+import java.nio.charset.StandardCharsets;
+import java.util.*;
+
+public class WalletLabels implements WalletImport, WalletExport {
+    private static final Logger log = LoggerFactory.getLogger(WalletLabels.class);
+
+    private final List<WalletForm> walletForms;
+
+    public WalletLabels() {
+        this.walletForms = Collections.emptyList();
+    }
+
+    public WalletLabels(List<WalletForm> walletForms) {
+        this.walletForms = walletForms;
+    }
+
+    @Override
+    public boolean isEncrypted(File file) {
+        return false;
+    }
+
+    @Override
+    public String getName() {
+        return "Wallet Labels";
+    }
+
+    @Override
+    public WalletModel getWalletModel() {
+        return WalletModel.LABELS;
+    }
+
+    @Override
+    public void exportWallet(Wallet wallet, OutputStream outputStream) throws ExportException {
+        List<Label> labels = new ArrayList<>();
+        List<Wallet> allWallets = wallet.isMasterWallet() ? wallet.getAllWallets() : wallet.getMasterWallet().getAllWallets();
+        for(Wallet exportWallet : allWallets) {
+            OutputDescriptor outputDescriptor = OutputDescriptor.getOutputDescriptor(exportWallet);
+            String origin = outputDescriptor.toString(true, false, false);
+
+            for(Keystore keystore : exportWallet.getKeystores()) {
+                if(keystore.getLabel() != null && !keystore.getLabel().isEmpty()) {
+                    labels.add(new Label(Type.xpub, keystore.getExtendedPublicKey().toString(), keystore.getLabel(), null));
+                }
+            }
+
+            for(BlockTransaction blkTx : exportWallet.getWalletTransactions().values()) {
+                if(blkTx.getLabel() != null && !blkTx.getLabel().isEmpty()) {
+                    labels.add(new Label(Type.tx, blkTx.getHashAsString(), blkTx.getLabel(), origin));
+                }
+            }
+
+            for(WalletNode addressNode : exportWallet.getWalletAddresses().values()) {
+                if(addressNode.getLabel() != null && !addressNode.getLabel().isEmpty()) {
+                    labels.add(new Label(Type.addr, addressNode.getAddress().toString(), addressNode.getLabel(), null));
+                }
+            }
+
+            for(BlockTransactionHashIndex txo : exportWallet.getWalletTxos().keySet()) {
+                if(txo.getLabel() != null && !txo.getLabel().isEmpty()) {
+                    labels.add(new Label(Type.output, txo.toString(), txo.getLabel(), null));
+                }
+
+                if(txo.isSpent() && txo.getSpentBy().getLabel() != null && !txo.getSpentBy().getLabel().isEmpty()) {
+                    labels.add(new Label(Type.input, txo.getSpentBy().toString(), txo.getSpentBy().getLabel(), null));
+                }
+            }
+        }
+
+        try {
+            Gson gson = new Gson();
+            BufferedWriter writer = new BufferedWriter(new OutputStreamWriter(outputStream, StandardCharsets.UTF_8));
+
+            for(Label label : labels) {
+                writer.write(gson.toJson(label) + "\n");
+            }
+
+            writer.flush();
+        } catch(Exception e) {
+            log.error("Error exporting labels", e);
+            throw new ExportException("Error exporting labels", e);
+        }
+    }
+
+    @Override
+    public String getWalletExportDescription() {
+        return "Exports a file containing labels from this wallet in the BIP329 standard format.";
+    }
+
+    @Override
+    public String getExportFileExtension(Wallet wallet) {
+        return "jsonl";
+    }
+
+    @Override
+    public boolean isWalletExportScannable() {
+        return false;
+    }
+
+    @Override
+    public boolean walletExportRequiresDecryption() {
+        return false;
+    }
+
+    @Override
+    public String getWalletImportDescription() {
+        return "Imports a file containing labels in the BIP329 standard format to the currently selected wallet.";
+    }
+
+    @Override
+    public Wallet importWallet(InputStream inputStream, String password) throws ImportException {
+        if(walletForms.isEmpty()) {
+            throw new IllegalStateException("No wallets to import labels for");
+        }
+
+        Gson gson = new Gson();
+        List<Label> labels = new ArrayList<>();
+        try {
+            BufferedReader reader = new BufferedReader(new InputStreamReader(inputStream, StandardCharsets.UTF_8));
+            String line;
+            while((line = reader.readLine()) != null) {
+                Label label;
+                try {
+                    label = gson.fromJson(line, Label.class);
+                } catch(Exception e) {
+                    continue;
+                }
+
+                if(label == null || label.type == null || label.ref == null || label.label == null || label.label.isEmpty()) {
+                    continue;
+                }
+
+                labels.add(label);
+            }
+        } catch(Exception e) {
+            throw new ImportException("Error importing labels file", e);
+        }
+
+        Map<Wallet, List<Keystore>> changedWalletKeystores = new LinkedHashMap<>();
+        Map<Wallet, List<Entry>> changedWalletEntries = new LinkedHashMap<>();
+
+        for(WalletForm walletForm : walletForms) {
+            Wallet wallet = walletForm.getWallet();
+            if(!wallet.isValid()) {
+                continue;
+            }
+
+            OutputDescriptor outputDescriptor = OutputDescriptor.getOutputDescriptor(wallet);
+            String origin = outputDescriptor.toString(true, false, false);
+
+            List<Entry> transactionEntries = walletForm.getWalletTransactionsEntry().getChildren();
+            List<Entry> addressEntries = new ArrayList<>();
+            addressEntries.addAll(walletForm.getNodeEntry(KeyPurpose.RECEIVE).getChildren());
+            addressEntries.addAll(walletForm.getNodeEntry(KeyPurpose.CHANGE).getChildren());
+            List<Entry> utxoEntries = walletForm.getWalletUtxosEntry().getChildren();
+
+            for(Label label : labels) {
+                if(label.origin != null && !label.origin.equals(origin)) {
+                    continue;
+                }
+
+                if(label.type == Type.xpub) {
+                    for(Keystore keystore : wallet.getKeystores()) {
+                        if(keystore.getExtendedPublicKey().toString().equals(label.ref)) {
+                            keystore.setLabel(label.label);
+                            List<Keystore> changedKeystores = changedWalletKeystores.computeIfAbsent(wallet, w -> new ArrayList<>());
+                            changedKeystores.add(keystore);
+                        }
+                    }
+                }
+
+                if(label.type == Type.tx) {
+                    for(Entry entry : transactionEntries) {
+                        if(entry instanceof TransactionEntry transactionEntry) {
+                            BlockTransaction blkTx = transactionEntry.getBlockTransaction();
+                            if(blkTx.getHashAsString().equals(label.ref)) {
+                                transactionEntry.getBlockTransaction().setLabel(label.label);
+                                transactionEntry.labelProperty().set(label.label);
+                                addChangedEntry(changedWalletEntries, entry);
+                            }
+                        }
+                    }
+                }
+
+                if(label.type == Type.addr) {
+                    for(Entry addressEntry : addressEntries) {
+                        if(addressEntry instanceof NodeEntry nodeEntry) {
+                            WalletNode addressNode = nodeEntry.getNode();
+                            if(addressNode.getAddress().toString().equals(label.ref)) {
+                                nodeEntry.getNode().setLabel(label.label);
+                                nodeEntry.labelProperty().set(label.label);
+                                addChangedEntry(changedWalletEntries, addressEntry);
+                            }
+                        }
+                    }
+                }
+
+                if(label.type == Type.output || label.type == Type.input) {
+                    for(Entry entry : transactionEntries) {
+                        for(Entry hashIndexEntry : entry.getChildren()) {
+                            if(hashIndexEntry instanceof TransactionHashIndexEntry txioEntry) {
+                                BlockTransactionHashIndex reference = txioEntry.getHashIndex();
+                                if((label.type == Type.output && txioEntry.getType() == HashIndexEntry.Type.OUTPUT && reference.toString().equals(label.ref))
+                                        || (label.type == Type.input && txioEntry.getType() == HashIndexEntry.Type.INPUT && reference.toString().equals(label.ref))) {
+                                    txioEntry.getHashIndex().setLabel(label.label);
+                                    txioEntry.labelProperty().set(label.label);
+                                    addChangedEntry(changedWalletEntries, txioEntry);
+                                }
+                            }
+                        }
+                    }
+                    for(Entry addressEntry : addressEntries) {
+                        for(Entry entry : addressEntry.getChildren()) {
+                            updateHashIndexEntryLabel(label, entry);
+                            for(Entry spentEntry : entry.getChildren()) {
+                                updateHashIndexEntryLabel(label, spentEntry);
+                            }
+                        }
+                    }
+                    for(Entry entry : utxoEntries) {
+                        updateHashIndexEntryLabel(label, entry);
+                    }
+                }
+            }
+        }
+
+        for(Map.Entry<Wallet, List<Keystore>> walletKeystores : changedWalletKeystores.entrySet()) {
+            Wallet wallet = walletKeystores.getKey();
+            Storage storage = AppServices.get().getOpenWallets().get(wallet);
+            EventManager.get().post(new KeystoreLabelsChangedEvent(wallet, wallet, storage.getWalletId(wallet), walletKeystores.getValue()));
+        }
+
+        for(Map.Entry<Wallet, List<Entry>> walletEntries : changedWalletEntries.entrySet()) {
+            EventManager.get().post(new WalletEntryLabelsChangedEvent(walletEntries.getKey(), walletEntries.getValue(), false));
+        }
+
+        return walletForms.get(0).getWallet();
+    }
+
+    private static void updateHashIndexEntryLabel(Label label, Entry entry) {
+        if(entry instanceof HashIndexEntry hashIndexEntry) {
+            BlockTransactionHashIndex reference = hashIndexEntry.getHashIndex();
+            if((label.type == Type.output && hashIndexEntry.getType() == HashIndexEntry.Type.OUTPUT && reference.toString().equals(label.ref))
+                    || (label.type == Type.input && hashIndexEntry.getType() == HashIndexEntry.Type.INPUT && reference.toString().equals(label.ref))) {
+                hashIndexEntry.labelProperty().set(label.label);
+            }
+        }
+    }
+
+    private static void addChangedEntry(Map<Wallet, List<Entry>> changedEntries, Entry entry) {
+        List<Entry> entries = changedEntries.computeIfAbsent(entry.getWallet(), wallet -> new ArrayList<>());
+        entries.add(entry);
+    }
+
+    @Override
+    public boolean isWalletImportScannable() {
+        return false;
+    }
+
+    @Override
+    public boolean exportsAllWallets() {
+        return true;
+    }
+
+    private enum Type {
+        tx, addr, pubkey, input, output, xpub
+    }
+
+    private static class Label {
+        public Label(Type type, String ref, String label, String origin) {
+            this.type = type;
+            this.ref = ref;
+            this.label = label;
+            this.origin = origin;
+        }
+
+        Type type;
+        String ref;
+        String label;
+        String origin;
+    }
+}
diff --git a/src/main/java/com/sparrowwallet/sparrow/wallet/KeystoreController.java b/src/main/java/com/sparrowwallet/sparrow/wallet/KeystoreController.java
index 22b9e1e4..5a26edc5 100644
--- a/src/main/java/com/sparrowwallet/sparrow/wallet/KeystoreController.java
+++ b/src/main/java/com/sparrowwallet/sparrow/wallet/KeystoreController.java
@@ -13,6 +13,7 @@ import com.sparrowwallet.sparrow.io.CardApi;
 import com.sparrowwallet.sparrow.io.Storage;
 import com.sparrowwallet.sparrow.keystoreimport.KeystoreImportDialog;
 import javafx.application.Platform;
+import javafx.beans.value.ChangeListener;
 import javafx.concurrent.Service;
 import javafx.event.ActionEvent;
 import javafx.fxml.FXML;
@@ -96,6 +97,11 @@ public class KeystoreController extends WalletFormController implements Initiali
 
     private final ValidationSupport validationSupport = new ValidationSupport();
 
+    private final ChangeListener<String> labelChangeListener = (observable, oldValue, newValue) -> {
+        keystore.setLabel(newValue);
+        EventManager.get().post(new SettingsChangedEvent(walletForm.getWallet(), SettingsChangedEvent.Type.KEYSTORE_LABEL));
+    };
+
     @Override
     public void initialize(URL location, ResourceBundle resources) {
         EventManager.get().register(this);
@@ -152,10 +158,7 @@ public class KeystoreController extends WalletFormController implements Initiali
             keystore.setKeyDerivation(new KeyDerivation("",""));
         }
 
-        label.textProperty().addListener((observable, oldValue, newValue) -> {
-            keystore.setLabel(newValue);
-            EventManager.get().post(new SettingsChangedEvent(walletForm.getWallet(), SettingsChangedEvent.Type.KEYSTORE_LABEL));
-        });
+        label.textProperty().addListener(labelChangeListener);
         fingerprint.textProperty().addListener((observable, oldValue, newValue) -> {
             keystore.setKeyDerivation(new KeyDerivation(newValue, keystore.getKeyDerivation().getDerivationPath()));
             fingerprintIcon.setHex(newValue.length() == 8 ? newValue : null);
@@ -597,4 +600,18 @@ public class KeystoreController extends WalletFormController implements Initiali
             }
         }
     }
+
+    @Subscribe
+    public void keystoreLabelsChanged(KeystoreLabelsChangedEvent event) {
+        if(event.getWalletId().equals(walletForm.getWalletId())) {
+            for(Keystore changedKeystore : event.getChangedKeystores()) {
+                if(xpub.getText().trim().equals(changedKeystore.getExtendedPublicKey().toString()) && !label.getText().equals(changedKeystore.getLabel())) {
+                    label.textProperty().removeListener(labelChangeListener);
+                    label.setText(changedKeystore.getLabel());
+                    keystore.setLabel(changedKeystore.getLabel());
+                    label.textProperty().addListener(labelChangeListener);
+                }
+            }
+        }
+    }
 }
diff --git a/src/main/java/com/sparrowwallet/sparrow/wallet/WalletForm.java b/src/main/java/com/sparrowwallet/sparrow/wallet/WalletForm.java
index 41db2325..9f014683 100644
--- a/src/main/java/com/sparrowwallet/sparrow/wallet/WalletForm.java
+++ b/src/main/java/com/sparrowwallet/sparrow/wallet/WalletForm.java
@@ -488,7 +488,8 @@ public class WalletForm {
     public void walletLabelsChanged(WalletEntryLabelsChangedEvent event) {
         if(event.toThisOrNested(wallet)) {
             Map<Entry, Entry> labelChangedEntries = new LinkedHashMap<>();
-            for(Entry entry : event.getEntries()) {
+            Collection<Entry> entries = event.propagate() ? event.getEntries() : Collections.emptyList();
+            for(Entry entry : entries) {
                 if(entry.getLabel() != null && !entry.getLabel().isEmpty()) {
                     if(entry instanceof TransactionEntry transactionEntry) {
                         for(KeyPurpose keyPurpose : KeyPurpose.DEFAULT_PURPOSES) {
diff --git a/src/main/resources/image/labels.png b/src/main/resources/image/labels.png
new file mode 100644
index 00000000..6d78b4a9
Binary files /dev/null and b/src/main/resources/image/labels.png differ
diff --git a/src/main/resources/image/labels@2x.png b/src/main/resources/image/labels@2x.png
new file mode 100644
index 00000000..2ede6026
Binary files /dev/null and b/src/main/resources/image/labels@2x.png differ
diff --git a/src/main/resources/image/labels@3x.png b/src/main/resources/image/labels@3x.png
new file mode 100644
index 00000000..0ce89564
Binary files /dev/null and b/src/main/resources/image/labels@3x.png differ