Shiba Inu (SHIB) has increased by approximately 7.5% over the past month. The rise in whale trading activity and the surge in token burns have attracted widespread attention. Data shows that the daily burn volume reached as high as 29.94 million SHIB, with the burn rate soaring by 2459.5%. Meanwhile, an unidentified whale transferred 15.18 billion SHIB. A trader pointed out that the three-day chart of SHIB indicates its price is approaching a breakout from the descending wedge pattern.