I think it's because there have been multiple "it" girls in previous generations, across differing levels of popularity.
The term itself had no specific definition, other than being one of the most popular individuals idols at the time. Suzy could exist alongside Seolhyun, and Irene alongside Hwasa.
When it comes to 4th gen however, some people are choosing to gatekeep the term for only Wonyoung.