diff --git a/vyper/venom/passes/load_elimination.py b/vyper/venom/passes/load_elimination.py
index c5e4a20a1e..64bc3b68ef 100644
--- a/vyper/venom/passes/load_elimination.py
+++ b/vyper/venom/passes/load_elimination.py
@@ -83,9 +83,6 @@ def _process_bb(self, bb, eff, load_opcode, store_opcode):
 
             elif inst.opcode == load_opcode:
                 (ptr,) = inst.operands
-                known_ptr = self.get_literal(ptr)
-                if known_ptr is not None:
-                    ptr = known_ptr
 
                 existing_value = self._lattice.get(ptr)