diff --git a/lib/fizzy/instantiate.cpp b/lib/fizzy/instantiate.cpp
index 9ec4cbe68..8d339c475 100644
--- a/lib/fizzy/instantiate.cpp
+++ b/lib/fizzy/instantiate.cpp
@@ -177,6 +177,13 @@ std::tuple<bytes_ptr, Limits> allocate_memory(const std::vector<Memory>& module_
     static const auto bytes_delete = [](bytes* b) noexcept { delete b; };
     static const auto null_delete = [](bytes*) noexcept {};
 
+    if (memory_pages_limit > MaxMemoryPagesLimit)
+    {
+        throw instantiate_error{"hard memory limit cannot exceed " +
+                                std::to_string(uint64_t{MaxMemoryPagesLimit} * PageSize) +
+                                " bytes"};
+    }
+
     assert(module_memories.size() + imported_memories.size() <= 1);
 
     if (module_memories.size() == 1)
diff --git a/lib/fizzy/limits.hpp b/lib/fizzy/limits.hpp
index f5c497c05..c60f632bb 100644
--- a/lib/fizzy/limits.hpp
+++ b/lib/fizzy/limits.hpp
@@ -13,8 +13,8 @@ constexpr uint32_t PageSize = 65536;
 
 /// The maximum memory page limit as defined by the specification.
 /// It is only possible to address 4 GB (32-bit) of memory.
-constexpr uint32_t MemoryPagesValidationLimit = (4 * 1024 * 1024 * 1024ULL) / PageSize;
-static_assert(MemoryPagesValidationLimit == 65536);
+constexpr uint32_t MaxMemoryPagesLimit = (4 * 1024 * 1024 * 1024ULL) / PageSize;
+static_assert(MaxMemoryPagesLimit == 65536);
 
 /// The default hard limit of the memory size (256MB) as number of pages.
 constexpr uint32_t DefaultMemoryPagesLimit = (256 * 1024 * 1024ULL) / PageSize;
diff --git a/lib/fizzy/parser.cpp b/lib/fizzy/parser.cpp
index b360c55f1..20413d0dd 100644
--- a/lib/fizzy/parser.cpp
+++ b/lib/fizzy/parser.cpp
@@ -257,8 +257,8 @@ inline parser_result<Memory> parse(const uint8_t* pos, const uint8_t* end)
 {
     Limits limits;
     std::tie(limits, pos) = parse_limits(pos, end);
-    if ((limits.min > MemoryPagesValidationLimit) ||
-        (limits.max.has_value() && *limits.max > MemoryPagesValidationLimit))
+    if ((limits.min > MaxMemoryPagesLimit) ||
+        (limits.max.has_value() && *limits.max > MaxMemoryPagesLimit))
         throw validation_error{"maximum memory page limit exceeded"};
     return {{limits}, pos};
 }
diff --git a/test/unittests/execute_test.cpp b/test/unittests/execute_test.cpp
index 8d54f7ceb..1de405e2d 100644
--- a/test/unittests/execute_test.cpp
+++ b/test/unittests/execute_test.cpp
@@ -673,6 +673,7 @@ TEST(execute, memory_grow_custom_hard_limit)
         {1, 1},
         {15, 1},
         {16, -1},
+        {65535, -1},
         {0xffffffff, -1},
     };
 
@@ -693,6 +694,15 @@ TEST(execute, memory_grow_custom_hard_limit)
         EXPECT_THAT(execute(*instance, 0, {input}), Result(expected));
     }
 
+    {
+        const auto instance_huge_hard_limit = instantiate(*module, {}, {}, {}, {}, 65536);
+        // For huge hard limit we test only failure cases, because allocating 4GB of memory would
+        // be too slow for unit tests.
+        // EXPECT_THAT(execute(*instance_huge_hard_limit, 0, {65535}), Result(1));
+        EXPECT_THAT(execute(*instance_huge_hard_limit, 0, {65536}), Result(-1));
+        EXPECT_THAT(execute(*instance_huge_hard_limit, 0, {0xffffffff}), Result(-1));
+    }
+
     /* wat2wasm
     (memory 1 16)
     (func (param i32) (result i32)
@@ -734,6 +744,14 @@ TEST(execute, memory_grow_custom_hard_limit)
         EXPECT_THAT(execute(*instance_max_limit, 0, {input}), Result(expected));
     }
 
+    {
+        bytes memory(PageSize, 0);
+        const auto instance_huge_hard_limit =
+            instantiate(*module_imported, {}, {}, {{&memory, {1, std::nullopt}}}, {}, 65536);
+        EXPECT_THAT(execute(*instance_huge_hard_limit, 0, {65536}), Result(-1));
+        EXPECT_THAT(execute(*instance_huge_hard_limit, 0, {0xffffffff}), Result(-1));
+    }
+
     /* wat2wasm
     (memory (import "mod" "mem") 1 16)
     (func (param i32) (result i32)
diff --git a/test/unittests/instantiate_test.cpp b/test/unittests/instantiate_test.cpp
index 2b7123c6c..1dca21c61 100644
--- a/test/unittests/instantiate_test.cpp
+++ b/test/unittests/instantiate_test.cpp
@@ -518,6 +518,11 @@ TEST(instantiate, memory_single_custom_hard_limit)
 
     EXPECT_NO_THROW(instantiate(*module, {}, {}, {}, {}, 4));
     EXPECT_NO_THROW(instantiate(*module, {}, {}, {}, {}, 8));
+    EXPECT_NO_THROW(instantiate(*module, {}, {}, {}, {}, 65536));
+    EXPECT_THROW_MESSAGE(instantiate(*module, {}, {}, {}, {}, 65537), instantiate_error,
+        "hard memory limit cannot exceed 4294967296 bytes");
+    EXPECT_THROW_MESSAGE(instantiate(*module, {}, {}, {}, {}, std::numeric_limits<uint32_t>::max()),
+        instantiate_error, "hard memory limit cannot exceed 4294967296 bytes");
 }
 
 TEST(instantiate, imported_memory_custom_hard_limit)
diff --git a/tools/wasi/wasi.cpp b/tools/wasi/wasi.cpp
index b7e2606e7..3e67a89ba 100644
--- a/tools/wasi/wasi.cpp
+++ b/tools/wasi/wasi.cpp
@@ -155,7 +155,7 @@ bool run(int argc, const char** argv)
     auto module = fizzy::parse(wasm_binary);
     auto imports = fizzy::resolve_imported_functions(*module, wasi_functions);
     auto instance = fizzy::instantiate(
-        std::move(module), std::move(imports), {}, {}, {}, fizzy::MemoryPagesValidationLimit);
+        std::move(module), std::move(imports), {}, {}, {}, fizzy::MaxMemoryPagesLimit);
     assert(instance != nullptr);
 
     const auto start_function = fizzy::find_exported_function(*instance->module, "_start");