I don't think it has any impact on bitcoin, I just see it as a negative for people who dont know any better and think they getting some "cheaper" version of bitcoin with these tokens and will end up getting rugged

But hey people can do with their money as they please, as they trade this non-sense, mint it and move it around, they pay fees that go to miners and stackers who are willing to keep dca'ing so I guess all is well