Someone had bids at .06 or stop losses or something. And the bid was thin from .12 to .06 then the seller or whatever hit the wall at .06. My guess is still it was stop losses down there and the MM saw it and sold a few of his shares to drive it down and pick up those huge stop loss orders. Now they doubled their money real quick.
as soon as the mm's saw your market order they pulled all the bids they could and started selling your order and getting as many shares as possible for themselves from your order then they threw a bone to a couple retail bids by small partial fills to cover their ass...