"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 back to his alma mater" sparked heated discussions on social media, leading to various speculations. 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 the Cocoon and Becoming a Butterfly—Trading Enlightenment and Cognitive Iteration#
Despite the various opinions about oct's identity and background, the undeniable fact is that this graduate of Shenzhen University’s Class of 2018 in International Trade completed a donation of 50 million yuan just two years after graduation. In the context 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, the newly enrolled oct was like most freshmen, without a clear plan for the future. In an interview, he candidly 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 his cognitive barriers and began systematically studying crypto assets. This seemingly ordinary decision became a key node in rewriting his fate.
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 by investing in Bilibili on the US stock market and Xiaomi on 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 displayed cheetah-like patience and precision. After months of research, he locked onto his first target, $SOL—based on the deep research habits 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 will 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, creating a multi-million asset.
Looking back today at his success, this "all-in" operation mode may be difficult to replicate, but it is undeniable that oct always manages to accurately anchor value targets in a chaotic market, carving out a unique trajectory amidst the tumult...
[To be continued] Source of the story: 0xbeyondlee.eth
OKX Activities This Month#
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Further Reading#
2025 China’s Top Ten Digital Asset Trading Platforms Authority List
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