Probably not. Pretty sure it was Puppy Linux (among I'm sure others) that could be run on just two floppies. I used to have this old 933MHz Coppermine system that I took when a medical office was going to throw it out, some time in the early 00s.

The HDD was borked but it had a 3.5" bay that worked, so I got a floppy-based distro running on it. I later replaced the drive and then made the mistake of attempting to compile X11 on it. Results were... mixed.