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）是模因币世界中的一个令人敬畏的名字，但现在却岌岌可危。根据 CoinMarketCap 提供的数据，今天早些时候，其市值已低于 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. 

尽管今天重新夺回了 LINK 之上的位置，但两者之间的差距仍然很窄，第二大 meme 代币现在即将跌出前 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. 

Shiba Inu 和 Chainlink 在 SHIB 回升至上方之前短暂交换了位置，但它们之间的微弱差距表明进一步移动的可能性很大。

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，最大的模因代币狗狗币仍然相对强劲，位居第九，市值高达 85 亿美元。 Shiba Inu 的市值目前为 42.68 亿美元，与 Chainlink 的 42.52 亿美元相差不远，形成了竞争瓶颈。 DAI 排名第 20 位，市值为 38 亿美元，这表明 SHIB 的前 20 名地位并不确定。

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 年经历了显着的飙升，甚至暂时跻身前十，并在市值上超过了狗狗币。然而，自从巅峰之后，它的光彩似乎已经减弱了。

Shibarium-related hype fades 

与Shibarium相关的炒作逐渐消退

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.

尽管随着 Shibarum 主网的推出而充满期待和热情，Shiba Inu 仍难以保持吸引力。 Shibarium 交易数量在 9 月 27 日暴跌至 15,000 笔，较 9 月 11 日超过 20 万笔交易的峰值大幅下降。这表明，SHIB 生态系统新发展带来的最初兴奋可能尚未转化为持续的兴趣或价值保留。