I’m encountering the exact same issues, using V.1.2.35-x64 (steam build).
Possibly unrelated, but do you find this happens often in connection with the Copy and/or Merge Layer commands? In my workflow I encounter this really often after I merge layers and then try to move them – I’m not typically working on large canvases but I often will also have large canvas panels open with references.
Watching this thread and hoping someone can help us get to the bottom of it – It’s a real momentum killer! 
edit: I believe these users are experiencing the same issue: Undo can fail on accidental layer movement - #6 by skullbrow