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Obvious shorts can be dangerous because they can always be squeezed if too many people try to get in on it. Holding puts is much safer because your broker can force you to close a short position if it doesn't like the risk involved in it (infinite downside potential). Holding a put has no risk (the only downside is the up front cost to buy the put, so you're already in for that regardless of what the price does). But that said, you can still lose 100% of whatever you put into it easier than you'll lose 100% of a stock investment.
That's why I didn't touch DJT or RDDT, despite being pretty confident that they will fail in the long run. Short and medium term prices are unpredictable and become more likely to go up the more people bet they'll go down.