Shiba Inu (SHIB), a formidable name in the world of meme coins, is now on precarious ground. Earlier today, it dropped below Chainlink (LINK) by market capitalization, according to data provided by CoinMarketCap. 

柴犬（SHIB）是迷因幣世界中的一個令人敬畏的名字，但現在卻岌岌可危。根據 CoinMarketCap 提供的數據，今天早些時候，其市值已低於 Chainlink (LINK)。

Despite reclaiming its position above LINK today, the gap between the two remains narrow, and the second-biggest meme coin is now on the cusp of dropping out of the top 20. 

儘管今天重新奪回了 LINK 上方的位置，但兩者之間的差距仍然很窄，第二大 meme 代幣現在即將跌出前 20 名。

SHIB's fragile position 

SHIB的脆弱地位

Shiba Inu and Chainlink exchanged positions briefly before SHIB edged back above, but the slender margin between them suggests a strong possibility for further displacement. 

在 SHIB 回升至上方之前，Shiba Inu 和 Chainlink 短暫交換了位置，但它們之間的微弱差距表明進一步移動的可能性很大。

For context, Dogecoin, the largest meme coin, remains comparatively robust at ninth place, flaunting a market cap of $8.5 billion. Shiba Inu's market cap, currently at $4.268 billion, is not far from Chainlink’s $4.252 billion, creating a competitive bottleneck. DAI, holding the 20th position, has a market cap of $3.8 billion, hinting that SHIB’s top 20 status is not guaranteed. 

就背景而言，最大的迷因代幣狗狗幣仍然相對強勁，位居第九，市值高達 85 億美元。 Shiba Inu 的市值目前為 42.68 億美元，與 Chainlink 的 42.52 億美元相差不遠，形成了競爭瓶頸。 DAI 排名第 20 位，市值為 38 億美元，這表明 SHIB 的前 20 名地位並不確定。

Shiba Inu enjoyed a remarkable surge in 2021, even temporarily climbing into the top 10 and exceeding Dogecoin by market cap. However, since its peak, its luster seems to have diminished.

柴犬在 2021 年經歷了顯著的飆升，甚至暫時躋身前十，並在市值上超過了狗狗幣。然而，自從巔峰之後，它的光彩似乎已經減弱了。

Shibarium-related hype fades 

與Shibarium相關的炒作逐漸消退

Even with the anticipation and enthusiasm accompanying the launch of Shibarum’s mainnet, Shiba Inu is struggling to maintain traction. The number of Shibarium transactions plummeted to 15K on Sept. 27, a sharp decline from its apex of over 200K transactions on Sept. 11. It signals that the initial excitement surrounding new developments in SHIB’s ecosystem may not have translated into sustained interest or value retention.

儘管隨著 Shibarum 主網的推出而充滿期待和熱情，Shiba Inu 仍難以保持吸引力。 Shibarium 交易數量在9 月27 日暴跌至15,000 筆，較9 月11 日超過20 萬筆交易的峰值大幅下降。這表明，SHIB 生態系統新發展帶來的最初興奮可能尚未轉化為持續的興趣或價值保留。