Shenzhen University Class of 2018 undergraduate Zhang Yufeng donates 50 million to his alma mater one year after graduation: A true story of getting rich in the cryptocurrency world.

"My friends often lament that they were born at the wrong time, missing out on Taobao in 2008, WeChat in 2013, and TikTok in 2018, but the door to a new world is opening for us. Web3 offers young people limitless possibilities: from SBF to ordinary individuals, anyone can leap into the tide and dance with the times."

On September 27, the news of "Shenzhen University Class of 2018 student donating 50 million to give back to alma mater" swept through social networks, sparking various speculations amidst the astonishment. Labels such as "son of Tencent CTO," "founder of Singapore ABD Capital," and "CEO of a certain company" were forcibly attached to this young alumnus. This article will restore the legendary journey of this self-made crypto genius—Zhang Yufeng—from multiple dimensions. His circle ID is @octopusfeng, hereinafter referred to as oct.

Chapter One: Breaking the Cocoon and Becoming a Butterfly—Trading Enlightenment and Cognitive Iteration#

Despite the various speculations about oct's true identity, the undeniable fact is that this graduate of Shenzhen University’s Class of 2018, majoring in International Trade, donated 50 million in his own name just two years after graduation. Against the backdrop of an economic winter and a job market freeze, this stark contrast strongly stimulates the public's nerves. Due to a natural skepticism towards the "self-made" narrative, people are more inclined to believe the rumors of him being a "rich second generation." However, those familiar with the web3 ecosystem know that this former FTX trader's wealth code has long been inscribed in the distributed ledger of the blockchain.

Looking back to 2018, oct, like most freshmen, was filled with confusion about the future upon entering Shenzhen University. Reflecting on the past, he admits that he held a strong prejudice against trading, especially crypto trading. Influenced by domestic media's demonization of financial speculation, he once viewed all traders, including Buffett, as gamblers, believing that hedge funds profit solely from capital advantages. "Pure gambling"—this was the original perception of trading held by young oct.

The turning point came at the end of 2020 when news of "Bitcoin's annual surge of 300%, breaking through $30,000" began to appear in the media. Unlike most people's disdain, oct chose to break out of his cognitive cocoon, systematically studying and testing crypto investments. At this moment, the trident of fate quietly turned.

If traders can be divided into action-oriented and dreamers, oct undoubtedly belongs to the former. Even after achieving his first six-figure profit by investing in US stocks like Bilibili and Hong Kong stocks like Xiaomi, he still chose to go all-in on crypto assets after weighing his options. In the predatory financial jungle, the crypto market is arguably the most perilous wilderness, and oct resembles a lurking cheetah. After months of observation, he identified his first target—$SOL. Thanks to the in-depth research skills cultivated during his internship in the primary market, oct conducted comprehensive due diligence on SOL and ultimately chose to go all in.

His investment logic displays distinct characteristics:

Macroeconomic Perspective: Believing that Ethereum's high gas fees restrict ecological development, much like "congested New York," there is an urgent need for a low-cost public chain capable of supporting smart contracts.
Market Maker Mindset: Insight into the strong backing of FTX behind SOL, predicting it would become a sharp blade in the exchange ecosystem, just as BNBChain is to Binance and OKChain is to OKX.
Builder Consensus: Judging ecological vitality through the quality of hackathons, discovering that the SOL developer community possesses the strongest centripetal force.

The real test began during the holding phase. After going all-in on SOL at the beginning of 2021, the token continued to decline, repeatedly breaking below the $1 mark. Oct admitted that the massive drawdown severely affected his life, and the struggle with the "impulse to cut losses" became a daily occurrence. Ultimately, time provided the answer, as SOL launched an epic rally from $3, peaking at $260. While most people reveled in paper wealth, oct chose to take profits in batches, accumulating assets in the tens of millions.

In hindsight, this all-in strategy may seem filled with luck. However, it is undeniable that oct consistently manages to ride the waves accurately in a chaotic market, a skill that will be more fully demonstrated in the subsequent chapters...

[To be continued] Source of the story: 0xbeyondlee.eth

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