diff --git a/src/bun.js/bindings/ModuleLoader.cpp b/src/bun.js/bindings/ModuleLoader.cpp
index a647e3d52a..bc8f3b9ba4 100644
--- a/src/bun.js/bindings/ModuleLoader.cpp
+++ b/src/bun.js/bindings/ModuleLoader.cpp
@@ -768,7 +768,17 @@ JSValue fetchCommonJSModule(
         RETURN_IF_EXCEPTION(scope, false);
 
         int status = entry.getObject()->getDirect(vm, WebCore::clientData(vm)->builtinNames().statePublicName()).asInt32();
-        return status > JSModuleLoader::Status::Fetch;
+        if (status > JSModuleLoader::Status::Fetch)
+            return true;
+
+        // Also skip when import() has already started fetching this module
+        // (entry exists with a fetch promise). Calling provideFetch in
+        // fetchCommonJSModuleNonBuiltin would fulfill that promise directly,
+        // conflicting with the pending microtask reaction from import()'s
+        // fetch chain and causing a double-fulfill assertion.
+        // https://github.com/oven-sh/bun/issues/12910
+        JSValue fetchValue = entry.getObject()->getDirect(vm, JSC::Identifier::fromString(vm, "fetch"_s));
+        return fetchValue && !fetchValue.isUndefined();
     }();
     RETURN_IF_EXCEPTION(scope, {});
 
diff --git a/src/js/builtins/CommonJS.ts b/src/js/builtins/CommonJS.ts
index 466be81507..5990bd183f 100644
--- a/src/js/builtins/CommonJS.ts
+++ b/src/js/builtins/CommonJS.ts
@@ -205,6 +205,15 @@ export function loadEsmIntoCjs(resolvedSpecifier: string) {
         (!$isPromise(fetch) ||
           ($getPromiseInternalField(fetch, $promiseFieldFlags) & $promiseStateMask) === $promiseStatePending))
     ) {
+      // If import() already started fetching this module, entry.fetch is a
+      // chained promise with a pending microtask reaction from the raw fetch
+      // promise. Clear it so $fulfillModuleSync → provideFetch → fulfillFetch
+      // creates a fresh promise instead of fulfilling the old one.
+      // https://github.com/oven-sh/bun/issues/12910
+      if (entry) {
+        entry.fetch = undefined;
+      }
+
       // force it to be no longer pending
       $fulfillModuleSync(key);