Probably not. Each server has its own moderation, and servers that tolerate bad behavior from their users get blocked by most other servers.
I'm not sure the current model would do well against a large coordinated manipulation campaign, but it handles isolated trolls at least as well as corporate social media.
No corporate control. Server admin block nodes they don't want to see, so it is important to join a server with similar views as your own, or run your own server.
It's probably a bit more work than a lot of trolls are willing to put in. Trolling doesn't require a lot of thought or creativity, but setting up the infrastructure does.
I'm not sure the current model would do well against a large coordinated manipulation campaign, but it handles isolated trolls at least as well as corporate social media.