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

"My friends around me often lament that they were born at the wrong time, missing out on Taobao in 2008, WeChat in 2013, and TikTok in 2018, but a broader world is unfolding before our eyes. Web3 offers unlimited possibilities for young people: from SBF to ordinary youth, everyone should leap into this blue ocean."

On September 27, the news of "Shenzhen University Class of 2018 alumni donating 50 million back to their alma mater" exploded on social networks, sparking various speculations amidst the astonishment. Labels like "son of Tencent CTO," "founder of Singapore ABD Capital," and "CEO of a listed company" attempted to package this young talent as a "second-generation" individual. This article will restore the true trajectory of the self-made crypto legend—Zhang Yufeng—from multiple perspectives. Zhang Yufeng's ID in the circle is @octopusfeng, hereinafter referred to as oct.

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

Although there are various speculations about oct's identity from the outside world, the undeniable fact is that this graduate of Shenzhen University’s Class of 2018 in International Trade completed a donation of 50 million just two years after graduation. Under the dual pressure of an economic winter and a job market freeze, this dramatic contrast undoubtedly stimulates the public's nerves. Due to a natural skepticism towards the "self-made" narrative, some people prefer to accept the simplified label of "rich second generation." However, observers familiar with the web3 ecosystem know that oct's true identity is a legendary operator in the crypto trading field, having worked at FTX exchange.

Looking back to 2018, the newly enrolled oct was no different from most freshmen, lacking a clear plan for the future. In a recent interview, he candidly admitted that he had a strong bias against crypto trading at that time—influenced by traditional media, he believed that all trading activities were high-risk speculation, and even hedge fund profits were merely the crushing of capital size. "Pure gambling" was the initial understanding of financial trading for young oct.

The turning point came at the end of 2020. When the news of "Bitcoin's annual increase of 300%, breaking through $30,000" began to enter mainstream view, oct chose to break through cognitive barriers and systematically study the crypto market. This decision quietly turned the gears of fate.

If traders are divided into action-oriented and theory-oriented, oct is undoubtedly a model of the former. Even after achieving his first six-figure profit by investing in Bilibili, Xiaomi, and other targets, he still chose to go all in on the crypto field. In this financial battlefield governed by the law of the jungle, especially in the "dark forest" of the crypto market, oct demonstrated the precision and patience of a cheetah. After months of lurking, he locked onto his first prey—SOL.

Thanks to the deep research habits cultivated during his internship in the primary market, oct approached analysis from a macro perspective: although Ethereum pioneered smart contracts, the high gas fees had become a development shackle. "Just like a congested Manhattan, it needs a new financial special zone." Thus, public chains with smart contract functionality and low gas fees became core targets. During the selection process, oct built a dual evaluation system:

(1) Strong whale effect: There is an essential difference between the token concept and price trends, and the strong endorsement of FTX behind SOL became a key consideration. Just as BNBChain is to Binance and OKChain is to OKX, top exchanges will undoubtedly fully support their own public chains.

(2) Builder consensus: Compared to traders, builders who are deeply involved in the market have a more acute judgment of public chain potential. The quality and frequency of SOL hackathons are benchmarks among similar projects, which became an important reference indicator.

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 $1 mark. oct admitted in an interview that the severe volatility had a significant impact on his work and life, and the game of impulse to close positions became a daily routine. Ultimately, the market validated his judgment—SOL started at $3 and soared above $200 after a period of consolidation. After this battle, oct completed a capital accumulation of tens of millions.

Looking back from today's perspective, this all-in strategy may be seen as a stroke of luck. But it is undeniable that oct always manages to seize opportunities in a chaotic market, stepping out the optimal path in turbulent waters...

(Continued)
[To be continued] Source: 0xbeyondlee.eth

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