Should we sell some of our Bored Apes?

We have bought 4 BAYC last year, at around 18 ETH per Ape. At 100 ETH floor, this is over 400% return, excluding $APE and Otherdeed, which brings it much higher.

Over the past couple of weeks, the price of Apes has been down only, since topping out at over 140 ETH. The twitter echo chamber as well as most seasoned investors predict a prolonged bear market and price movements corroborate this.

In bear markets usually the price of assets converges to use value (as opposed to promise value reflected in bull markets). Though Yuga has build a great brand with potential, the current use value of Apes is close to 0 and price is likely to keep converging down. The steam out of airdrops is likely out and the value of any future airdrops will likely be subtracted from the value of the Ape, as has already happened with Otherdeed. If ETH can fall 95% in the last bear market, there is no reason to believe pfp projects like Apes will be immune to this.

I believe there is a significant upside to be extracted by selling asap, and deploying the capital slowly and smartly over the following months, into emerging projects with much less downside and much more upside. Especially now but also in general, take profits is king.