I'm convinced that every cycle the best play is to sell all of the old meta and rotate into the new meta.

Good depiction of the new guard (memecoins) accruing more value than all of the old guard (PFPs)

Onchain is the new online - FID 206 -  cooprecords.xyz

I agree with the general idea. However I think the comparison is not complete as major NFT collections have received and continue to receive significant airdrops. Maybe the idea is to sell the top dogs of each asset class every cycle like BAYC, ETH and Doge from last cycle for Pudgies,  SOL and Pepe this cycle. 🤔