It's insane how long it takes them to fix bugs in their auto-update mechanism they've forced on everyone. Things like that were reported years and years ago. They fixed the data corruption issue with their auto-update mechanism, but that too existed for years.
They also still haven't fixed that disgusting ~/snap folder.
It's very obvious by now how little Canonical cares about their users.
That command works on snapd 2.58+, even Ubuntu 22.10 still ships 2.57.5 unless you've gotten extra channels enabled.
It's a very new addition after people being pissed for years. I suspect most people would be fine without hold if the auto-update would be seamless. Years ago it literally unmounted applications' storage abruptly, sessions and databases still open... Not well thought-out.
snapd 2.58 is available as an update recommended by default on Ubuntu going all the way back to 18.04. A standard "apt update && apt upgrade" will give you it. Unless you've gone out of your way to turn updates off.
They also still haven't fixed that disgusting ~/snap folder.
It's very obvious by now how little Canonical cares about their users.