Yeah probably, its unironically a literal biblical demon/demons after all.
Not to mention that Ralph, after having filmed the Chris-Chan arrest (where you can see in real time the demon transferring into the piggy), was immediately greeted with earthquakes when he moved Mexico. Then after that he was hit with a biblical locust swarm
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And then after having touched the Medallion together with Dick, a category 6 hurricane suddenly appeared, headed straight for Ralph's shack.
Do not touch cursed items people, this shit real.