New Emperor

The Thousand Sunny follows the log pose and gradually leaves Wano behind, though the crew is still screaming after Luffy's reckless waterfall departure. Nami explodes at the new emperor, yelling, "You sorry excuse for a captain!" and "That brain dead stunt almost killed the entire crew!!" Luffy, locked in a cage, weakly says, "I'm... sorry..." Jinbe laughs that no one was hurt, but Nami snaps that there is a limit to how much stupidity she will swallow. The others react to her terrifying anger: "We need to keep him on a tight leash, Jinbe!!" and "There's a limit to how much stupidity we'll swallow!" The page opens the chapter by undercutting Luffy's emperor status with the crew's usual domestic justice.

The Sunny's deck settles back into routine after the scolding. Franky tells the others they only busted a small yard on the mast, and the crew warns, "Never cross Nami when she's mad!" Someone jokes, "See how tough Sunny is?! A drop like that..." Robin receives a News Coo delivery, thanks it with a "Coo," and sees that the crew has new bounties. Chopper eagerly asks Robin to let him see. The papers announce updated bounties for the leaders of the 5,600-man Grand Fleet: Emperor Straw Hat Luffy and his nine commanders. The page pivots from slapstick damage control to the world's official recognition that the Straw Hat Pirates now stand as an emperor's crew.

The crew reacts to their new bounties. Chopper, listed as "Doctor, Chopper the Cotton Candy Lover (Pet)," has only a 1,000-berry bounty, barely up by 900, and asks, "What the heck?! It barely went up!" Nami, now "Navigator, Cat Burglar Nami," has a bounty of 366 million and screams that hundreds of millions means even someone like her is being hunted. Brook, "Musician, Soul King Brook," celebrates a 383 million bounty with "Yohohoho!" Franky, listed as "Shipwright, Cyborg Franky," has 394 million but is furious that his poster uses the Sunny's face instead of his own, yelling, "Are ya kiddin' me?! I'm not even on this!!" Usopp, "Sniper, God Usopp," hits 500 million and begs, "Please... no more! Don't get any higher!!" The page turns the updated wanted posters into each Straw Hat's personal comedy.

The bounties continue upward. Robin, identified as "Archaeologist, Devil Child Nico Robin," reaches 930 million and gently says her reward should cheer Chopper up while giving him cotton candy. Sanji, "Cook, Black-Leg Sanji," has 1,032,000,000 and collapses in despair because he is below Jinbe, asking, "Why am I below him...?" Jinbe, "Helmsman, Jinbe, the Knight of the Sea," has 1,100,000,000 and asks if something is wrong, while Zoro, "Swordmaster, Pirate Hunter Zoro," hits 1,100,001,100 and smugly tells Sanji to leave number four to his sour grapes. Finally, Luffy is listed as "Fleet Captain, Emperor Straw Hat Luffy" with a 3 billion bounty while still caged and complaining he is hungry. The page establishes the hierarchy and rivalries inside the newly recognized emperor crew.

At Emptee Bluffs Island in the New World, the world sees Buggy as the real deal. His followers cheer that the world's greatest swordsman and Crocodile are working under him, and that Chairman Buggy must have something hidden up his sleeve. Buggy, however, is groveling in terror before Mihawk and Crocodile. Crocodile snarls that Cross Guild was supposed to be under him and Hawk-Eye, and asks why Buggy is considered the boss. Mihawk says Buggy is probably the only person in history to become an emperor after crying for mercy. Buggy wails that he cannot do anything but apologize and begs to live, while Crocodile says if Buggy dies here he would not even begin to make up for this. The page reveals the joke beneath the new emperor: Buggy's followers believe in him, while the actual monsters around him are furious.

Mr. 3, now Galdino, fawns over Crocodile and tells him it is nostalgic to be serving him again, while Buggy complains that Galdino turned on him. Galdino answers that he does not recall ever officially joining Buggy's crew and calls him a buffoon. Crocodile's people wonder what they are meant to do now that the chairman is a goner, but they naturally follow Crocodile. On Gloom Island in a flashback, Crocodile asks Mihawk what he wants, and Mihawk says the Marines keep swarming the island, making it a nuisance, so he supposes he will relocate. Crocodile says Buggy's delivery business looks all hunky-dory, but Buggy has too many mouths to feed and all the giants who were his top earners just quit. He warns Buggy that if he does not have cash on hand, Crocodile can always sell him into slavery. The page explains that Buggy's current disaster began as debt and opportunism.

The flashback shows why Crocodile and Mihawk teamed up. Crocodile tells Mihawk that the Navy would not take an organization headed by the two of them lightly, especially since they used to refer to Mihawk as "Marine Hunter." Mihawk says they do not trust anyone, but Crocodile replies that they are the same, and that the partnership would be beneficial. Before they can settle matters, Buggy's men panic because their warships are already under attack. Buggy tries to flee, saying there is no reason to sweat over the Marines, only for his men to protest that their ships are sinking one after another. The arrival turns out to be Crocodile, making Buggy's crew conclude that the rumors about him working under Chairman Buggy must be true and that he is risking himself to save them. The page shows how Buggy's accidental legend grows out of misunderstandings at exactly the right time.

Buggy's followers watch Crocodile attack the Marines and decide that he really has come to save them. They say the enemy warships keep sinking one after another and praise Buggy as a hero behind it all. Buggy, meanwhile, is terrified: he says he is broke, has no idea what to do, and that this is even worse than the Marines because Crocodile must be after all the cash Buggy owes him. The crowd cheers, "That's our Buggy!" as Crocodile lands, making the lie stronger. The page deepens the comedy of Buggy's rise: every action by a genuinely dangerous ally is misread by his subordinates as proof of Buggy's brilliance.

Crocodile confronts Buggy directly, surprised he is still there and saying he figured Buggy would have bolted by now. Buggy insists they are prison buddies and calls him "Croco-chan," but Crocodile reminds him that he already did Buggy a solid by lending him money and that Buggy will take full responsibility if he cannot repay it. Buggy explains that he is about to form his own company and needs capital, and then proposes joining Crocodile's company to help it start, offering advertising experts, printers, and couriers who will work to the bone for free. He promises to work twice as hard to pay off his debt and get the word out with a bang. The page reveals Buggy's useful contribution: not strength or strategy, but an existing propaganda and logistics machine.

Buggy's offer backfires because the flyer his employees produce makes him look like the president of Cross Guild. Crocodile holds up the poster and asks, "And this is the flyer... you had them send out, right?" Buggy panics that this is not what it looks like and that he did not mean for this to happen. His employees proudly say they already sent it to every corner of the world, claiming they could not stop themselves from giving him top billing because they love him so much. Navy Headquarters analyzes the result and says that, in addition to Buggy being a mastermind of the mass escape from Impel Down, he was also a member of the Pirate King's crew and formed a close bond with Red Hair. Now reports confirm that Crocodile came to his aid at Emptee Bluffs Island. The page shows how one mistaken flyer becomes official global intelligence.

Navy Headquarters concludes that Buggy's Cross Guild is a massive threat, especially with Crocodile and Mihawk verified as contacts. The Marines ask what bounties should be issued for the three. Crocodile, with his mighty Logia ability and cunning guile, receives a whopping 1,965,000,000 bounty. Mihawk, whose sword skill surpasses even the Red-Haired Emperor's, is valued at 3,590,000,000 as a fitting total for the world's greatest swordsman. The report notes Buggy's formidable pedigree and the fact that he got those two to yield to his authority. The page turns the gag into a genuinely dangerous political reality: even if the premise is wrong, the world now treats Cross Guild as a top-tier emperor force.

Buggy's new bounty is revealed: 3,189,000,000 berries. The World Government considers him an extremely dangerous individual and one of the two newly recognized emperors alongside Straw Hat. Buggy, beaten and sobbing, begs Crocodile to let him lick his boots, but Crocodile tells him to shut it. Mihawk, however, sees an angle: he has no interest in the title of emperor as long as he can live in peace, and having Buggy take all the heat as a figurehead may not be the worst idea. Crocodile agrees they can always dispose of Buggy if need arises. The page shows Mihawk and Crocodile choosing to weaponize Buggy's false status instead of correcting it.

Buggy is forced to lean into the lie. Crocodile and Mihawk let him remain the target on their backs, and Buggy addresses his followers from a balcony: "Listen up, ya bastards!! We formed the Cross Guild to prepare for the new age! Let me introduce you to our new executives!" The crowd roars while Buggy weeps, and his followers think Chairman Buggy is crying because he is moved to tears. They cheer Crocodile and Mihawk as new leaders, while the two former Warlords glare below. The page crystallizes the new organization: Buggy publicly sells Cross Guild as his vision for the new age, while the real power behind him watches with murderous irritation.

At Kamabakka Queendom on the Grand Line, the Revolutionary Army receives news that Sabo is safe. Koala says there is no need to brood, and someone says at least they know Sabo is safe. Ivankov rejoices that nothing can taint the miracle, though he also says he will never forgive naughty Sabo for making them worry. The others say Sabo was meant to have done whatever happened after they split up, but they still believe in him. Dragon remains grim, saying he is glad Sabo is okay, but if Sabo truly did murder King Cobra, he will not forgive him no matter what his reasons were. The page shifts from pirate comedy to revolutionary tension, framing Sabo's survival as relief mixed with a terrifying accusation.

Dragon questions Bartholomew Kuma, asking what exactly he saw, but Kuma only answers robotically, "I am yours to command, master." A transponder snail rings with "Pere pere," and Koala answers, "Hello... this is Koala!" The Revolutionary Army receives a call to Kamabakka Queendom and orders everyone to quiet down and listen in, saying to record it because it could be the Flame Emperor. The caller finally says, "It's me... Sabo!!" The page ends on the cliffhanger that Sabo himself is calling, promising that the truth behind the Cobra accusation and the Reverie chaos may finally be heard.

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