According to Flavio_leMec, the recent event described as 'the holy pump' reflects a significant and rapid surge in cryptocurrency prices, as seen in the market rally on May 8, 2025 (source: Flavio_leMec on Twitter). This pump phase has driven increased trading volumes across major tokens, presenting both high-reward opportunities and heightened volatility risk for traders. Technical indicators such as RSI and moving averages are showing overbought signals, suggesting caution for short-term entries while also highlighting momentum for breakout strategies. Traders are advised to closely monitor support and resistance levels and manage leverage carefully during this high-momentum phase (source: Flavio_leMec on Twitter, May 8, 2025).