Shenzhen University Class of 2018 alumnus Zhang Yufeng donated 50 million after graduating for one year: Experiences in wealth creation in the cryptocurrency field.

"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 piece of news about "a student from Shenzhen University donating 50 million yuan to give back to his alma mater" exploded on social media, sparking numerous speculations. Comments such as "son of Tencent CTO Zhang Zhidong," "founder of Singapore ABD Capital," and "CEO of a certain company" seemed to attempt to shape this young alumnus into a second-generation image. This article will restore the true story of Zhang Yufeng, a self-made legend in crypto trading, from a multi-dimensional perspective. Zhang Yufeng is known in the circle as @octopusfeng, hereinafter referred to as oct.

Chapter One: A Glimpse of the Path — Encountering Trading, Deep Learning#

Despite the various speculations about oct's identity, the confirmed fact is that he graduated from Shenzhen University in 2018 with a major in International Trade. In the current severe economic situation, the stark contrast of "donating 50 million just two years after graduation" has become the core point of public discourse. Some netizens, based on skepticism about contemporary self-made stories, are more inclined to accept the narrative of a "rich second generation." However, those familiar with the crypto field know that his true identity is a legendary trader who once worked at FTX.

Looking back to 2018, the newly enrolled oct was like most freshmen, with no clear plans for the future. He himself admitted that he had a strong aversion to crypto trading at that time. Influenced by domestic media reports, he viewed all trading activities, including those of Buffett, as high-risk speculation, believing that hedge fund profits relied solely on capital advantages. "Pure gambling" was the initial perception of financial trading for young oct.

A turning point occurred at the end of 2020 when the news of "Bitcoin soaring 300% annually, breaking through $30,000" entered the mainstream view. Oct chose to abandon his prejudices and delve into the crypto market. This decision quietly set the wheels of fate in motion.

If traders are 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's US stocks and Xiaomi's Hong Kong stocks, he still chose to fully transition to the crypto field. In this financial battlefield governed by the law of the jungle, after months of lurking, oct locked onto his first target — $SOL.

Thanks to the deep research habits cultivated during his internship in the primary market, oct approached the crypto track with macro analysis: he believed that while Ethereum's smart contract system was revolutionary, the high gas fees had become a development bottleneck. "Like New York, bustling yet congested." Therefore, finding a public chain that combined smart contracts with low gas advantages became the core goal. Ultimately, he chose $SOL based on two major considerations:

(1) The "strong backing" of crypto projects is crucial for price trends. $SOL has strong support from FTX, and as a key infrastructure for the exchange's ecosystem construction, its development will receive continuous empowerment, similar to how BNBChain supports Binance and OKChain supports OKX.

(2) The choices of the Builder community serve as a barometer. The quality of the $SOL hackathon activities is top-notch among public chains, attracting a large number of quality developers to get involved.

The real test began after going all-in on $SOL at the beginning of 2021. Faced with months of prolonged decline (with a minimum drop below $1), the psychological pressure from the massive drawdown exceeded expectations. Oct admitted he was on the brink of stopping losses multiple times but ultimately chose to hold firm. When $SOL soared from $3 to over $200, he chose to cash out in batches, completing a capital accumulation of tens of millions.

Looking back today at his success, this all-in battle filled with luck may be hard to replicate, but the decisiveness and resilience oct displayed have already outlined the core traits of a successful trader...

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

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