It is indeed a WINGS token. Prices go up and down is a common thing in the world of Cryptocurrency trading, nothing continues to increase without correction and nothing keeps falling unless it is a project scam, as long as the project is alive I am sure there will be an increase in prices.
Moreover, this new token from WINGS is powered by Libra and Cosmos, I believe this has potential in the future
Between I don't think the wings coin will hold much value anymore after the entire swap process has occurred, so it is very likely to see the price of wings to drop drastically since there will be no more use for it, I think xfi on the other hand will be very valuable in the coming days, it is Defi after all.
Drop in price is not a big problem while the team is more active now and working hard to bring a new project to life. That is another good opportunity to buy more at cheap prices before they swap it to new token. I also agreed with you this normal to see up and down in this phase. They will bring very exciting thing in future so it will bring more value.