Shenzhen University Class of 2018 alumnus Zhang Yufeng donated 50 million after graduating for one year: Experiences of 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 news story about "a student from Shenzhen University donating 50 million yuan back to his alma mater" exploded on social media, sparking many speculations amidst the astonishment. Comments like "son of Tencent CTO Zhang Zhidong," "founder of Singapore ABD Capital," and "CEO of a certain company" seemed detailed, attempting to shape this young alumnus into a second-generation image. This article will restore the true story of the self-made crypto trading legend—Zhang Yufeng—from a multi-dimensional perspective. Zhang Yufeng, known in the circle as @octopusfeng, will be referred to as oct hereafter.

Chapter One: A Glimpse into the Path—Engaging in Trading, Deep Learning#

Despite various speculations about oct's identity, the confirmed fact is that he graduated from Shenzhen University in the 2018 international trade program. 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, skeptical of contemporary self-made stories, are more inclined to accept the "rich second generation" narrative. However, those familiar with the crypto field know that his true identity is that of a legendary trader who once worked at FTX.

Back in 2018, when oct first entered Shenzhen University, he was like most freshmen, without a clear plan for the future. He admitted that at that time, he had a strong aversion to crypto trading. 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 understanding of financial trading for young oct.

The turning point came at the end of 2020 when the news of "Bitcoin surging 300% in a year, 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 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's US stocks and Xiaomi's Hong Kong stocks, he chose to go all-in on 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 exchange 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 SOL's hackathon activities is among the best in 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 several months of prolonged decline (with a low of below $1), the psychological pressure from the massive drawdown was far beyond imagination. Oct admitted that he had been 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 elements of luck may be hard to replicate, but the decisiveness and resilience that oct demonstrated have already outlined the core traits of a successful trader...

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

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