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Partly, I guess in effect at least, but I would reject people are embracing lgbt rights because it is "cool" on the whole. It's more like, would you say women's lib was this type of fad? Or black rights? Etc.
The risk of yesterday is greatly diminished; "being LGBT++++" is now mostly a process of buying the right pronoun pins from Amazon or Etsy before swinging by Target for an unironed pride flag before the Bank of America-sponsored "protest" march.
The gay and lesbian community that literally fought for basic rights is now being pushed out by a demographic that thinks anything but their idea of straight, vanilla missionary for the purpose of reproduction deserves a new gender. Gay men are basically straight men these days, especially among white kids who can afford to take university degrees that don't translate to jobs and would never be caught dead in a place resembling a 2005 gay bar. It's borderline cultural appropriation.
Most of the fighting occurred well before most of today's fashionable TIAQW@(#)SDFKLSJDF+ were born:
- DSM removed homosexuality as a mental disorder in 1973; WHO in 1990.
- The rainbow flag first flew in 1978.
- The lessons of the hyper-aggressive response to the AIDS epidemic have all but been forgotten among the "blue hair & pronoouns" crowd.
- Netherlands legalized same-sex marriage in 2000.
- Lawrence v. Texas was 2003. Obergefell vs. Hodges was 2015 (nearly a decade ago).
Nah, they're not doing it because the cops shut down the one bar they could hang out at and be themselves, or because the government and half the country is conspiring to keep them and their one true love apart. Everything I've seen points to a combination of attention-seeking and shoehorning their mediocre white suburban existences into the Oppression Pyramid, because that's the only way to signal that they're not Evil Colonizers. It's sad.