Ayman ‘AiMan’ Mufleh has published an HBAR “rich list” while arguing the token could eventually approach Ethereum’s market capitalization. In his latest YouTube episode, recorded when HBAR was trading between $0.07 and $0.08, the analyst suggested that matching Ethereum’s valuation would translate to roughly $6.76 per token—an approximately 89-fold increase.
The thesis reframes Hedera not merely as a bear-market recovery play, but as a potential long-term large-cap blockchain competitor. According to the host, HBAR could climb to $1, $2, or $3 during the next bull market, with a longer-term range of $5.60 to $10 conceivable by 2030.
An HBAR “rich list” starts with a single token
The video’s central premise is a community-driven ownership ranking system. Investors holding between one and 1,000 HBAR are classified as “worms,” while 5,000 HBAR earns “shrimp” status and 10,000 qualifies as a “crab.”
Thresholds continue upward to 25,000 HBAR for an “octopus” and 50,000 for a “fish.” The speaker also referenced categories such as dolphins, sharks, whales, and “big whales,” though the transcript does not specify holding requirements for each tier.
The host urged viewers holding Bitcoin, Ethereum, XRP, or other cryptocurrencies to maintain at least one HBAR position. This recommendation reflects a promotional perspective rather than a substantiated investment thesis supported by the video’s financial analysis.
Ethereum comparison rests on governance and tokenization claims
The presenter’s argument for a substantially higher HBAR valuation rests primarily on Hedera’s governing council and its institutional relationships. The council was characterized as one of the strongest in the industry, with State Street and BlackRock cited as major asset managers involved in tokenization initiatives connected to the Hedera network.
The video asserts that State Street manages over $10 trillion in assets while BlackRock oversees more than $15 trillion, claiming both institutions are participating in tokenization efforts for U.S. money-market funds through arrangements linked to Hedera.
The most critical consideration is the magnitude of the underlying valuation assumption. Reaching Ethereum’s market capitalization would depend heavily on favorable developments in HBAR supply dynamics, adoption rates, network revenue generation, market conditions, and competitive positioning over multiple years.
While the “rich list” may serve as an engaging community benchmark, it provides minimal insight into risk factors, appropriate portfolio sizing, or the probability of the host’s price projections materializing.