Trump Coin

Wanted to get a feel for how 2+2 thinks about this, so just gonna state some facts, and ask an open question.

Trump Coin has (at the time of this post) a market cap of 7.72 Billion (reached from 0 after only 3 days). 80% of the supply is in one wallet (controlled by Trump or some surrogate). The Coin officially has no function, just a Meme Coin (like a lot of others too).

Is this:
a) a great move, especially for the crypto market, sign for future adoption of Bitcoin strategic reserve, etc.?
b) blatant corruption, and bad for the market on the long (middle also) run?
c) Anything else or in-between, pls elaborate.

thx for feedback.