The airdrop of W tokens certainly generated a lot of buzz, and it’s not surprising that it saw a sharp drop post-launch, which is typical for many tokens after their initial distribution. The fact that it's stabilizing could suggest some underlying confidence returning, but that stabilization should be analyzed carefully. There are several factors at play here that will determine the future trajectory of the token.
First, the tokenomics being "meh" is a red flag. Often, tokens with weak tokenomics face challenges in sustaining long-term value because there may not be enough incentive for holders or investors to keep their assets. Inflationary token models or an over-abundance of supply can lead to downward pressure on price, making it harder for the token to maintain its value. If the distribution is skewed toward a small number of early investors or whales, there may be further downward price pressure as they look to sell their holdings.
The cross-chain infrastructure that W is building through Wormhole, however, is a promising sign. Interoperability across chains is a key feature for the future of decentralized finance (DeFi), and Wormhole’s cross-chain capabilities open up a wide array of possibilities for adoption, especially with the increasing number of projects looking to expand beyond a single chain. The integration of Solana and Ethereum into this ecosystem gives it a broader market appeal, which can help drive future demand.
Regarding whether to ride the rebound or rotate profits, it's essential to weigh the current price action against the long-term prospects of the project. If you believe in the broader Wormhole ecosystem and its adoption potential, holding half and farming the rest might be a reasonable strategy, as it allows you to benefit from potential upside while locking in some profits. However, if you’re unsure about the long-term viability of the tokenomics and ecosystem development, rotating profits could be a safer option. Diversifying into projects with stronger fundamentals or more solid use cases might offer more stability in the long run.
Ultimately, a balanced approach of holding some and rotating profits into more stable assets is a reasonable strategy, especially in the volatile world of airdrops and new tokens. Keep a close eye on the project's development, especially around the adoption of its cross-chain features and any changes to its tokenomics that may impact future price movements.
Wormhole’s infra is too plugged in to ignore, even if the tokenomics scream “mid.” I’m staking half, watching the rest like it owes me rent. Rotation’s tempting, but I’m not fading a project half the ecosystem’s married to. So for now? Bridged in, locked up, and farming like it’s harvest season. 
You riding or rotating?
