Who nuked $AUCTION ? Was it a whale? Was it the team? Who knows, it could be anything.
The lesson should be something else:
This is a pretty good example on why never to use leverage or buy futures if you donât know what youâre doing.
If you just hold spot - great youâre gonna be fine. just hold.
If you just got liquidated and lost it all, youâre done. You probably donât realize it, but you are gambling.