diff --git a/src/coins.cpp b/src/coins.cpp
index 7b76c13f98..5de2ed7810 100644
--- a/src/coins.cpp
+++ b/src/coins.cpp
@@ -245,6 +245,14 @@ bool CCoinsViewCache::HaveInputs(const CTransaction& tx) const
     return true;
 }
 
+void CCoinsViewCache::ReallocateCache()
+{
+    // Cache should be empty when we're calling this.
+    assert(cacheCoins.size() == 0);
+    cacheCoins.~CCoinsMap();
+    ::new (&cacheCoins) CCoinsMap();
+}
+
 static const size_t MIN_TRANSACTION_OUTPUT_WEIGHT = WITNESS_SCALE_FACTOR * ::GetSerializeSize(CTxOut(), PROTOCOL_VERSION);
 static const size_t MAX_OUTPUTS_PER_BLOCK = MAX_BLOCK_WEIGHT / MIN_TRANSACTION_OUTPUT_WEIGHT;
 
diff --git a/src/coins.h b/src/coins.h
index a3f34bb0ee..a3e241ac90 100644
--- a/src/coins.h
+++ b/src/coins.h
@@ -318,6 +318,13 @@ public:
     //! Check whether all prevouts of the transaction are present in the UTXO set represented by this view
     bool HaveInputs(const CTransaction& tx) const;
 
+    //! Force a reallocation of the cache map. This is required when downsizing
+    //! the cache because the map's allocator may be hanging onto a lot of
+    //! memory despite having called .clear().
+    //!
+    //! See: https://stackoverflow.com/questions/42114044/how-to-release-unordered-map-memory
+    void ReallocateCache();
+
 private:
     /**
      * @note this is marked const, but may actually append to `cacheCoins`, increasing
diff --git a/src/init.cpp b/src/init.cpp
index 37e6251295..4561a10870 100644
--- a/src/init.cpp
+++ b/src/init.cpp
@@ -1533,7 +1533,7 @@ bool AppInitMain(const util::Ref& context, NodeContext& node)
     int64_t nCoinDBCache = std::min(nTotalCache / 2, (nTotalCache / 4) + (1 << 23)); // use 25%-50% of the remainder for disk cache
     nCoinDBCache = std::min(nCoinDBCache, nMaxCoinsDBCache << 20); // cap total coins db cache
     nTotalCache -= nCoinDBCache;
-    nCoinCacheUsage = nTotalCache; // the rest goes to in-memory cache
+    int64_t nCoinCacheUsage = nTotalCache; // the rest goes to in-memory cache
     int64_t nMempoolSizeMax = gArgs.GetArg("-maxmempool", DEFAULT_MAX_MEMPOOL_SIZE) * 1000000;
     LogPrintf("Cache configuration:\n");
     LogPrintf("* Using %.1f MiB for block index database\n", nBlockTreeDBCache * (1.0 / 1024 / 1024));
@@ -1645,7 +1645,7 @@ bool AppInitMain(const util::Ref& context, NodeContext& node)
                     }
 
                     // The on-disk coinsdb is now in a good state, create the cache
-                    chainstate->InitCoinsCache();
+                    chainstate->InitCoinsCache(nCoinCacheUsage);
                     assert(chainstate->CanFlushToDisk());
 
                     if (!is_coinsview_empty(chainstate)) {
diff --git a/src/test/util/setup_common.cpp b/src/test/util/setup_common.cpp
index 3b7a7c8d12..83916fd080 100644
--- a/src/test/util/setup_common.cpp
+++ b/src/test/util/setup_common.cpp
@@ -139,7 +139,7 @@ TestingSetup::TestingSetup(const std::string& chainName, const std::vector<const
     ::ChainstateActive().InitCoinsDB(
         /* cache_size_bytes */ 1 << 23, /* in_memory */ true, /* should_wipe */ false);
     assert(!::ChainstateActive().CanFlushToDisk());
-    ::ChainstateActive().InitCoinsCache();
+    ::ChainstateActive().InitCoinsCache(1 << 23);
     assert(::ChainstateActive().CanFlushToDisk());
     if (!LoadGenesisBlock(chainparams)) {
         throw std::runtime_error("LoadGenesisBlock failed.");
diff --git a/src/test/validation_chainstatemanager_tests.cpp b/src/test/validation_chainstatemanager_tests.cpp
index 0d149285ad..d16633c149 100644
--- a/src/test/validation_chainstatemanager_tests.cpp
+++ b/src/test/validation_chainstatemanager_tests.cpp
@@ -28,13 +28,11 @@ BOOST_AUTO_TEST_CASE(chainstatemanager)
 
     // Create a legacy (IBD) chainstate.
     //
-    ENTER_CRITICAL_SECTION(cs_main);
-    CChainState& c1 = manager.InitializeChainstate();
-    LEAVE_CRITICAL_SECTION(cs_main);
+    CChainState& c1 = *WITH_LOCK(::cs_main, return &manager.InitializeChainstate());
     chainstates.push_back(&c1);
     c1.InitCoinsDB(
         /* cache_size_bytes */ 1 << 23, /* in_memory */ true, /* should_wipe */ false);
-    WITH_LOCK(::cs_main, c1.InitCoinsCache());
+    WITH_LOCK(::cs_main, c1.InitCoinsCache(1 << 23));
 
     BOOST_CHECK(!manager.IsSnapshotActive());
     BOOST_CHECK(!manager.IsSnapshotValidated());
@@ -57,12 +55,13 @@ BOOST_AUTO_TEST_CASE(chainstatemanager)
     // Create a snapshot-based chainstate.
     //
     ENTER_CRITICAL_SECTION(cs_main);
-    CChainState& c2 = manager.InitializeChainstate(GetRandHash());
+    CChainState& c2 = *WITH_LOCK(::cs_main,
+        return &manager.InitializeChainstate(GetRandHash()));
     LEAVE_CRITICAL_SECTION(cs_main);
     chainstates.push_back(&c2);
     c2.InitCoinsDB(
         /* cache_size_bytes */ 1 << 23, /* in_memory */ true, /* should_wipe */ false);
-    WITH_LOCK(::cs_main, c2.InitCoinsCache());
+    WITH_LOCK(::cs_main, c2.InitCoinsCache(1 << 23));
     // Unlike c1, which doesn't have any blocks. Gets us different tip, height.
     c2.LoadGenesisBlock(chainparams);
     BlockValidationState _;
diff --git a/src/test/validation_flush_tests.cpp b/src/test/validation_flush_tests.cpp
index a863e3a4d5..7111fc3380 100644
--- a/src/test/validation_flush_tests.cpp
+++ b/src/test/validation_flush_tests.cpp
@@ -21,7 +21,7 @@ BOOST_AUTO_TEST_CASE(getcoinscachesizestate)
     BlockManager blockman{};
     CChainState chainstate{blockman};
     chainstate.InitCoinsDB(/*cache_size_bytes*/ 1 << 10, /*in_memory*/ true, /*should_wipe*/ false);
-    WITH_LOCK(::cs_main, chainstate.InitCoinsCache());
+    WITH_LOCK(::cs_main, chainstate.InitCoinsCache(1 << 10));
     CTxMemPool tx_pool{};
 
     constexpr bool is_64_bit = sizeof(void*) == 8;
diff --git a/src/validation.cpp b/src/validation.cpp
index dbdf5028fd..1d7d85b751 100644
--- a/src/validation.cpp
+++ b/src/validation.cpp
@@ -135,7 +135,6 @@ bool fPruneMode = false;
 bool fRequireStandard = true;
 bool fCheckBlockIndex = false;
 bool fCheckpointsEnabled = DEFAULT_CHECKPOINTS_ENABLED;
-size_t nCoinCacheUsage = 5000 * 300;
 uint64_t nPruneTarget = 0;
 int64_t nMaxTipAge = DEFAULT_MAX_TIP_AGE;
 
@@ -1279,9 +1278,10 @@ void CChainState::InitCoinsDB(
         leveldb_name, cache_size_bytes, in_memory, should_wipe);
 }
 
-void CChainState::InitCoinsCache()
+void CChainState::InitCoinsCache(size_t cache_size_bytes)
 {
     assert(m_coins_views != nullptr);
+    m_coinstip_cache_size_bytes = cache_size_bytes;
     m_coins_views->InitCache();
 }
 
@@ -2228,7 +2228,7 @@ CoinsCacheSizeState CChainState::GetCoinsCacheSizeState(const CTxMemPool& tx_poo
 {
     return this->GetCoinsCacheSizeState(
         tx_pool,
-        nCoinCacheUsage,
+        m_coinstip_cache_size_bytes,
         gArgs.GetArg("-maxmempool", DEFAULT_MAX_MEMPOOL_SIZE) * 1000000);
 }
 
@@ -4300,7 +4300,7 @@ bool CVerifyDB::VerifyDB(const CChainParams& chainparams, CCoinsView *coinsview,
             }
         }
         // check level 3: check for inconsistencies during memory-only disconnect of tip blocks
-        if (nCheckLevel >= 3 && (coins.DynamicMemoryUsage() + ::ChainstateActive().CoinsTip().DynamicMemoryUsage()) <= nCoinCacheUsage) {
+        if (nCheckLevel >= 3 && (coins.DynamicMemoryUsage() + ::ChainstateActive().CoinsTip().DynamicMemoryUsage()) <= ::ChainstateActive().m_coinstip_cache_size_bytes) {
             assert(coins.GetBestBlock() == pindex->GetBlockHash());
             DisconnectResult res = ::ChainstateActive().DisconnectBlock(block, pindex, coins);
             if (res == DISCONNECT_FAILED) {
@@ -4965,6 +4965,39 @@ std::string CChainState::ToString()
         tip ? tip->nHeight : -1, tip ? tip->GetBlockHash().ToString() : "null");
 }
 
+bool CChainState::ResizeCoinsCaches(size_t coinstip_size, size_t coinsdb_size)
+{
+    if (coinstip_size == m_coinstip_cache_size_bytes &&
+            coinsdb_size == m_coinsdb_cache_size_bytes) {
+        // Cache sizes are unchanged, no need to continue.
+        return true;
+    }
+    size_t old_coinstip_size = m_coinstip_cache_size_bytes;
+    m_coinstip_cache_size_bytes = coinstip_size;
+    m_coinsdb_cache_size_bytes = coinsdb_size;
+    CoinsDB().ResizeCache(coinsdb_size);
+
+    LogPrintf("[%s] resized coinsdb cache to %.1f MiB\n",
+        this->ToString(), coinsdb_size * (1.0 / 1024 / 1024));
+    LogPrintf("[%s] resized coinstip cache to %.1f MiB\n",
+        this->ToString(), coinstip_size * (1.0 / 1024 / 1024));
+
+    BlockValidationState state;
+    const CChainParams& chainparams = Params();
+
+    bool ret;
+
+    if (coinstip_size > old_coinstip_size) {
+        // Likely no need to flush if cache sizes have grown.
+        ret = FlushStateToDisk(chainparams, state, FlushStateMode::IF_NEEDED);
+    } else {
+        // Otherwise, flush state to disk and deallocate the in-memory coins map.
+        ret = FlushStateToDisk(chainparams, state, FlushStateMode::ALWAYS);
+        CoinsTip().ReallocateCache();
+    }
+    return ret;
+}
+
 std::string CBlockFileInfo::ToString() const
 {
     return strprintf("CBlockFileInfo(blocks=%u, size=%u, heights=%u...%u, time=%s...%s)", nBlocks, nSize, nHeightFirst, nHeightLast, FormatISO8601Date(nTimeFirst), FormatISO8601Date(nTimeLast));
diff --git a/src/validation.h b/src/validation.h
index 8112e38704..b201403585 100644
--- a/src/validation.h
+++ b/src/validation.h
@@ -127,7 +127,6 @@ extern bool g_parallel_script_checks;
 extern bool fRequireStandard;
 extern bool fCheckBlockIndex;
 extern bool fCheckpointsEnabled;
-extern size_t nCoinCacheUsage;
 /** A fee rate smaller than this is considered zero fee (for relaying, mining and transaction creation) */
 extern CFeeRate minRelayTxFee;
 /** If the tip is older than this (in seconds), the node is considered to be in initial block download. */
@@ -519,7 +518,7 @@ public:
 
     //! Initialize the in-memory coins cache (to be done after the health of the on-disk database
     //! is verified).
-    void InitCoinsCache() EXCLUSIVE_LOCKS_REQUIRED(::cs_main);
+    void InitCoinsCache(size_t cache_size_bytes) EXCLUSIVE_LOCKS_REQUIRED(::cs_main);
 
     //! @returns whether or not the CoinsViews object has been fully initialized and we can
     //!          safely flush this object to disk.
@@ -568,6 +567,17 @@ public:
     //! Destructs all objects related to accessing the UTXO set.
     void ResetCoinsViews() { m_coins_views.reset(); }
 
+    //! The cache size of the on-disk coins view.
+    size_t m_coinsdb_cache_size_bytes{0};
+
+    //! The cache size of the in-memory coins view.
+    size_t m_coinstip_cache_size_bytes{0};
+
+    //! Resize the CoinsViews caches dynamically and flush state to disk.
+    //! @returns true unless an error occurred during the flush.
+    bool ResizeCoinsCaches(size_t coinstip_size, size_t coinsdb_size)
+        EXCLUSIVE_LOCKS_REQUIRED(::cs_main);
+
     /**
      * Update the on-disk chain state.
      * The caches and indexes are flushed depending on the mode we're called with