"My friends often complain to me about being born at the wrong time, missing out on Taobao in 2008, WeChat in 2013, and TikTok in 2018, but a bigger world is right in front of us. Web3 has given young people all the opportunities: from SBF to us, we should leap into the sea and embrace the giant waves."
On September 27, a news report about "a student from Shenzhen University donating 50 million yuan to give back to his alma mater" sparked heated discussions on social media, with constant speculation among the public. Comments like "son of Tencent CTO Zhang Zhidong," "founder of Singapore's ABD Capital," and "CEO of a certain company" attempted to label this young legend as a second-generation rich kid. This article will restore the true growth trajectory of this self-made crypto genius—Zhang Yufeng, known in the circle as @octopusfeng, hereinafter referred to as oct.
Chapter One: Breaking Out of the Cocoon—Trading Enlightenment and Cognitive Iteration#
Despite various opinions about oct's identity and background, the undeniable fact is that this 2018 international trade graduate from Shenzhen University completed a donation of 50 million yuan two years after graduation. Against the backdrop of economic downturn and employment pressure, this stark contrast of "graduating at the peak" continues to stimulate public nerves. While some prefer to believe in his "rich second generation" persona, insiders in the crypto circle know well that this former FTX trader's wealth accumulation entirely stems from his precise judgment of the crypto market.
Looking back to 2018, oct, like most freshmen, had not yet formed a clear plan for the future. In an interview, he admitted that he held strong biases against trading, especially crypto trading. Influenced by negative media reports on financial speculation, young oct even simplistically categorized investment masters like Buffett as "high-risk speculators," believing that hedge funds profit solely based on capital advantages—this cognitive bias labeled him as a "trading skeptic" early on.
The turning point came at the end of 2020 when the news of "Bitcoin's annual increase of 300%, breaking through $30,000" swept mainstream media. Oct chose to break through cognitive barriers and began systematically researching crypto assets. This seemingly ordinary decision became a key node in rewriting his destiny.
If traders can be divided into action-oriented and theory-oriented, oct undoubtedly belongs to the former. Even after achieving his first six-figure profit through investments in Bilibili in the US stock market and Xiaomi in the Hong Kong stock market, he still chose to go all in on the crypto market. In this financial battlefield governed by the law of the jungle, oct exhibited the patience and precision of a cheetah. After months of research, he locked onto his first target, $SOL—based on a deep research habit cultivated in the primary market, oct conducted a systematic analysis of the public chain track and resolutely bet everything.
His investment logic can be summarized as:
- Ecological Empowerment Theory: Believing that Ethereum's high gas fees restrict development, there is an urgent need for a new public chain that combines smart contracts with low transaction costs.
- Institutional Endorsement Theory: Insight into FTX's strategic layout behind SOL, predicting that exchanges would fully support their own public chains.
- Builder Consensus Theory: Judging the activity level of the developer ecosystem through the quality of hackathons, discovering that the SOL developer community has the highest value.
The real test began during the holding phase. After going all in on SOL at the beginning of 2021, the token price continued to decline, repeatedly falling below the psychological threshold of $1. Oct admitted that the extreme volatility severely affected his work and life, with the impulse to cut losses and the belief in holding battling repeatedly. Ultimately, the market rewarded him handsomely: SOL soared from an entry point of $3 to over $200, thus creating a multi-million asset.
Looking back today at his success, this "all-in" operation mode may be hard to replicate, but it is undeniable that oct has always been able to accurately anchor value targets in a chaotic market, carving out a unique trajectory amidst the tumultuous waves...
[To be continued] Source of the story: 0xbeyondlee.eth
OKX Activities This Month#
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Further Reading#
2025 Top Ten Digital Asset Trading Platforms in China Authority List
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