Is Praise of Folly hostile or just satire?

Recently was reading parts of In Praise of Folly by Erasmus of Rotterdam. It seems like it makes fun of what he views as overly superstitious Catholics in his day.
However Erasmus was loyal to the Pope and refused to take part in Luther’s revolt and was a friend of St. Thomas Moore. I wonder if this writing was just meant to poke fun at some customs he thought were going overboard or was this actually him being somewhat hostile?

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