It is a cash grab but I highly doubt Trump is sitting around thinking about shit coins as a way to get money this was obviously done by his team. 

In the grand scheme of things bitcoiners and shitcoiners need to understand that Trump plays to the largest segments of his audience and thats not bitcoin or crypto.  People need to judge him on it after he gets elected.

I wouldn't have done it because its not a good look because it looks exactly like what you said.