diff --git a/src/mono/wasm/Wasm.Build.Tests/Blazor/AssetCachingTests.cs b/src/mono/wasm/Wasm.Build.Tests/Blazor/AssetCachingTests.cs
index c6c4988dca8768..22ee79b8d3b764 100644
--- a/src/mono/wasm/Wasm.Build.Tests/Blazor/AssetCachingTests.cs
+++ b/src/mono/wasm/Wasm.Build.Tests/Blazor/AssetCachingTests.cs
@@ -5,6 +5,7 @@
 using System.Collections.Generic;
 using System.IO;
 using System.Text.RegularExpressions;
+using System.Threading;
 using System.Threading.Tasks;
 using Microsoft.Playwright;
 using Xunit;
@@ -22,7 +23,6 @@ public AssetCachingTests(ITestOutputHelper output, SharedBuildPerTestClassFixtur
     }
 
     [Fact, TestCategory("no-fingerprinting")]
-    [ActiveIssue("https://github.com/dotnet/runtime/issues/122338")] // add it back to eng\testing\scenarios\BuildWasmAppsJobsList.txt
     public async Task BlazorApp_BasedOnFingerprinting_LoadsWasmAssetsFromCache()
     {
         var project = CopyTestAsset(
@@ -35,7 +35,9 @@ public async Task BlazorApp_BasedOnFingerprinting_LoadsWasmAssetsFromCache()
 
         (string projectDir, string output) = BlazorPublish(project, Configuration.Release, new PublishOptions(AssertAppBundle: false));
 
-        var counterLoaded = new TaskCompletionSource();
+        var firstCounterLoaded = new TaskCompletionSource();
+        var secondCounterLoaded = new TaskCompletionSource();
+        var loadCount = 0;
         var wasmRequestRecorder = new WasmRequestRecorder();
 
         var runOptions = new BlazorRunOptions(Configuration.Release)
@@ -45,23 +47,28 @@ public async Task BlazorApp_BasedOnFingerprinting_LoadsWasmAssetsFromCache()
             OnConsoleMessage = (type, msg) =>
             {
                 if (msg.Contains("Counter.OnAfterRender"))
-                    counterLoaded.SetResult();
+                {
+                    var count = Interlocked.Increment(ref loadCount);
+                    if (count == 1)
+                        firstCounterLoaded.SetResult();
+                    else if (count == 2)
+                        secondCounterLoaded.SetResult();
+                }
             },
             Test = async (page) =>
             {
-                await counterLoaded.Task;
+                await firstCounterLoaded.Task;
 
                 // Check server request logs after the first load.
                 Assert.NotEmpty(wasmRequestRecorder.ResponseCodes);
                 Assert.All(wasmRequestRecorder.ResponseCodes, r => Assert.Equal(200, r.ResponseCode));
 
                 wasmRequestRecorder.ResponseCodes.Clear();
-                counterLoaded = new();
 
                 // Perform browser navigation to cause resource reload.
                 // We use the initial base URL because the test server is not configured for SPA routing.
                 await page.ReloadAsync();
-                await counterLoaded.Task;
+                await secondCounterLoaded.Task;
 
                 // Check server logs after the second load.
                 if (EnvironmentVariables.UseFingerprinting)