One Piece's Elbaph arc is all about Nose mythology, be it its setting down to its cameos. Due to this, fans expect Loki to have a devil fruit symbolizing the powers of a Norse god to a heavenly identity. However, the truth might be different than what the fans are expecting because his devil fruit might just be a contradictory fruit to Luffy's Nika fruit.
As stated earlier, Loki thought that he had the 'true' Nika fruit. However, as fans might already know, Luffy had the true Nika fruit which the protagonist awakened during the Wano arc. However, Loki's fruit might be related to the Nika fruit such that it might be related to the 'Moon,' given how the Moon shines due to the light of the Sun (the Sun being the Sun God Nika's fruit).
Disclaimer: This article contains potential spoilers from the One Piece manga series and has the author's opinion.
One Piece: Why Loki's devil fruit powers might be simpler than what the fans are expecting
One Piece chapter 1130 continued the journey of the Straw Hat Pirates on Elbaph Island as the East Blue group was about to enter the Elbaph Castle. As they were crossing the bridge that led them towards the castle, Luffy heard something from below and claimed that he was getting goosebumps just from feeling the 'thing' that was sitting below the bridge.
So, despite everyone urging him to stop, Luffy jumped and entered the Realm of the Dead. There, he met a colossal being tied to metal chains. Upon asking, the being claimed to be Loki, the 'Sun God' who would bring an end to the entire world. Given Loki's speech, he claimed to be the Sun God (possessing the Nika fruit).
The Sun God is an ancient being famous for releasing slaves from oppression. The god's will was passed down through the Nika fruit (Human-Human devil fruit, Model: Nika). At first glance, Loki's claim was 'flawed' because Monkey D Luffy had this fruit, which he awakened against Kaido during the Wano Arc. So, what could the accursed prince be talking about?
Firstly, Loki's claim might be wrong as he could be mistaking his devil fruit (which he stole from King Herald, his father) for the Nika fruit. Secondly, the mistake might be honest because of his devil fruit's nature. Loki's devil fruit might be related to the moon.
The moon shines from the light of the Sun and this might be why Loki could be mistakenly referring to his fruit as himself as the 'Sun God.' So, while his claim might technically not be entirely wrong, he is still not the Sun God. Moreover, his powers might not even touch the Norse mythology, which is the central basis for the Elbaph Arc.
Analysis and final thoughts
Mani, the personification of the Moon in Norse mythology, had control over the moon's phases. This would relate to Luffy's devil fruit powers as different 'phases' would run parallel to different 'gears' of the Nika fruit. So, Loki's power might not be entirely unrelated to the Norse mythology. However, as both of these claims are unconfirmed, take both with a huge grain of salt.
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