I will vote for Trump coin launch. When the coin shattered after 2-3 days, most of the trust on altcoins was lost among millions of crypto users. The scar is not going to go away easily.
trump coin, although currently dumped, I don't think it did as much harm as you imagined, most of the money that goes to trump coin are money coming from degens who also bet on shit coin like those agentic AI coin with zero use case or random meme coin.
so basically when trump coin launched people just rotating their money seeking for better opportunity, as of now, no rug, nothing, just natural price dumping after hype, I don't think it's that bad honestly.