diff --git a/src/dialer/dial-request.js b/src/dialer/dial-request.js
index f2774929..2f97f997 100644
--- a/src/dialer/dial-request.js
+++ b/src/dialer/dial-request.js
@@ -47,12 +47,11 @@ class DialRequest {
     const tokenHolder = new FIFO()
     tokens.forEach(token => tokenHolder.push(token))
     const dialAbortControllers = this.addrs.map(() => new AbortController())
-    let startedDials = 0
+    let completedDials = 0
 
     try {
       return await pAny(this.addrs.map(async (addr, i) => {
         const token = await tokenHolder.shift() // get token
-        startedDials++
         let conn
         try {
           const signal = dialAbortControllers[i].signal
@@ -60,8 +59,9 @@ class DialRequest {
           // Remove the successful AbortController so it is not aborted
           dialAbortControllers.splice(i, 1)
         } finally {
-          // If we have more dials to make, recycle the token, otherwise release it
-          if (startedDials < this.addrs.length) {
+          completedDials++
+          // If we have more or equal dials remaining than tokens, recycle the token, otherwise release it
+          if (this.addrs.length - completedDials >= tokens.length) {
             tokenHolder.push(token)
           } else {
             this.dialer.releaseToken(tokens.splice(tokens.indexOf(token), 1)[0])
diff --git a/test/dialing/dial-request.spec.js b/test/dialing/dial-request.spec.js
index d785b000..f88db772 100644
--- a/test/dialing/dial-request.spec.js
+++ b/test/dialing/dial-request.spec.js
@@ -53,16 +53,11 @@ describe('Dial Request', () => {
 
   it('should release tokens when all addr dials have started', async () => {
     const mockConnection = await createMockConnection()
+    const firstDials = pDefer()
     const deferred = pDefer()
     const actions = {
-      1: async () => {
-        await delay(0)
-        return Promise.reject(error)
-      },
-      2: async () => {
-        await delay(0)
-        return Promise.reject(error)
-      },
+      1: () => firstDials.promise,
+      2: () => firstDials.promise,
       3: () => deferred.promise
     }
     const dialAction = (num) => actions[num]()
@@ -85,7 +80,11 @@ describe('Dial Request', () => {
     sinon.spy(dialer, 'releaseToken')
     dialRequest.run({ signal: controller.signal })
     // Let the first dials run
-    await delay(100)
+    await delay(0)
+
+    // Finish the first 2 dials
+    firstDials.reject(error)
+    await delay(0)
 
     // Only 1 dial should remain, so 1 token should have been released
     expect(actions[1]).to.have.property('callCount', 1)
@@ -93,7 +92,7 @@ describe('Dial Request', () => {
     expect(actions[3]).to.have.property('callCount', 1)
     expect(dialer.releaseToken).to.have.property('callCount', 1)
 
-    // Finish the dial
+    // Finish the dial and release the 2nd token
     deferred.resolve(mockConnection)
     await delay(0)
     expect(dialer.releaseToken).to.have.property('callCount', 2)