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 don’t know what you’re doing.

If you just hold spot - great you’re gonna be fine. just hold.

If you just got liquidated and lost it all, you’re done. You probably don’t realize it, but you are gambling.