Well, sort of. The overall premise is usually getting quality receivers before the end of day 2. There's tons of really good WRs who weren't round 1 draft picks in recent years.
Tee Higgins
Michael Pittman
Chase Claypool
Deebo Samuel
AJ Brown
DK Metcalf
Diontae Johnson
Terry McLaurin
Courtland Sutton
Christian Kirk
DJ Chark
Michael Gallup
Those guys were all day 2 picks between 2019-2021. Round 2 has been quite lucrative for WRs in recent years.
it is worth pointing out that the 2019 WR class has led to a fair amount of inflation at the position - those kinds of guys are flying off the board a lot higher generally
still there but not as prolifically available as that 2019 class makes it seem