At the 40th anniversary celebration of Shenzhen University, Zhang Yufeng, a 2018 graduate of Shenzhen University, donated 50 million RMB to his alma mater in his personal name. As an undergraduate who just graduated a year ago, Zhang Yufeng's "heroic act" has attracted attention. What everyone wants to know most is how this "other people's alumnus" made so much money?
According to the information, Zhang Yufeng is a student of Class 2, International Economics and Trade, School of Economics, Shenzhen University, Grade 18. Since his sophomore year, Zhang Yufeng has interned at Singapore cross-border e-commerce platform Shopee, international consulting firm McKinsey, CICC Capital, Tencent, and a leading US dollar fund.
In his senior year, Zhang Yufeng entered a domestic leading CVC (Corporate Venture Capital) company as an intern for primary market investment and was converted to a full-time employee. He initially came into contact with Crypto and grew rapidly. In addition to working at CVC, he did crypto trading privately and found that his crypto industry income and credibility exceeded traditional VC primary investment, so he resigned and became a full-time crypto trader.
On June 8, 2022, Zhang Yufeng, who is still a senior, gave a lecture at the school. The theme was "The Road to Innovation and Entrepreneurship to Achieve Financial Freedom". The lecture content included alternative asset trading, how to balance academic and internship arrangements, how to obtain internship opportunities in famous companies, etc. (Alternative assets refer to assets that are different from traditional asset categories, such as private equity, hedge funds, collectibles, virtual currencies, etc.)
According to the lecture notice at the time, Zhang Yufeng was a partner of Singapore hedge fund ABD Venture, mainly engaged in alternative asset investment and trading, with outstanding performance and lucrative returns. An alumnus said that Zhang Yufeng was a super rich man in his circle of friends and had long been financially independent. Through investigation, it can be found that Zhang Yufeng's main wealth comes from cryptocurrency, and his three major sources of wealth are Solana, LUNA, and FTT.
Buy Low and Sell High on Solana
Solana is a project that Zhang Yufeng built from a six-figure income. Based on the congestion and spillover effects of Ethereum, he selected Solana after screening many public chains. He bought Solana at the price of around $3 in early 2011 and held on to it until the highest price of SOL reached over $200. As a result, Zhang Yufeng jumped into the top 100 of the FTX trader list, and through this opportunity, he met FTX CEO SBF and joined the FTX trading department.
Shorting LUNA and FTT can earn you hundreds of times more
Zhang Yufeng entered FTX in March 2022. He has been paying attention to Luna for a long time and just started to go long on LUNA. During the period when LUNA rose from US$50 to US$90, he went long on the contract. But when LUNA was anchored to Bitcoin, he smelled blood. In May, Zhang Yufeng and the FTX trading department he was in charge of shorted LUNA at the same time, from US$86 to many decimal points after 0, with a profit of hundreds of times. The LUNA battle helped Zhang Yufeng gain a foothold in FTX.
In November of the same year, after Alameda Research was exposed to be insolvent, Zhang Yufeng initially did not believe that FTX would have any problems, thinking it was just ordinary FUD. But after carefully studying the mutual transfers between Alameda Research and FTX, he found that FTT was very much like its own market maker.
After CZ announced the shorting of FTT on November 6, FTX experienced a run, and FTX staff could not contact SBF, and all FTX transactions were suspended. Although Zhang Yufeng did not disclose whether he shorted FTT during the interview, based on the style of the company department and individuals in charge of FTX shorting LUNA at the same time, Zhang Yufeng is very likely to short FTT. In fact, the old leeks in the currency circle who are familiar with the collapse of LUNA and FTX know that as long as you catch one of these two waves, you can get rich overnight.
In addition to the above-mentioned outstanding investment transactions, Zhang Yufeng also successfully bought the bottom of Bitcoin at a price of about $15,800 in November 2022. At the beginning of 2022, he also earned ten times the profit by going long on Aptos.
According to the information on his social media platforms, Zhang Yufeng is not only involved in cryptocurrency transactions, but also in stocks. According to his personal disclosure on his social media platforms, he completed his position when the stock price of Bilibili was US$15.8 in 2020, and began to sell in batches at its peak of US$150, until he completed the liquidation in batches when it fell to US$90.
However, Zhang Yufeng also had failed investments. According to his disclosure on his personal social platform in March 2022, he lost more than 1 million Hong Kong dollars in Hong Kong stocks. According to Zhang Yufeng in June 2022, his biggest loss in the cryptocurrency circle came from private placements under custody.
Summarize
In just a few years, the cryptocurrency world has undergone tremendous changes, which has also changed the fate of countless participants. Unlimited fluctuations, the ability to profit from both "long" and "short" trading, and the ability to set contract leverage independently... the various trading rules of virtual currencies have driven many investors crazy.
However, behind a few "wealth-making myths", more people left the market sadly after paying a high tuition fee. I believe there will be more "Zhang Yufeng" in this circle, but not everyone can leave with wealth. Because many people do not know how to respect the market, and trading is not only a competition of funds, but also a game of human nature.
