Bitcoin price fluctuations are very volatile in situations like this, and the effect is to put pressure on the volatile market and cause a price drop in the altcoin market, which is actually an opportunity to accumulate altcoins that are worth buying.
I think the AI token segmentation is very potential, plus the very hot news that the iPhone adds AI features to its latest products, this will be a very positive sentiment towards coins that have an AI narrative, don't mention meme coins if you yourself are very doubtful about them, I mean don't overdo it about meme coins.
You are right that current significant drop in alt coins price is an excellent opportunity to accumulate leading coins in AI and I believe that Real World Assets (RAW) can also potentially perform well in future when Bitcoin market conditions get better, probably if interest rate cut is announced in third week of this month.
Regarding meme coins, I agree with your stance that they might be good for short term gains but without solid utility they are not considered good investment for long term.