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I think Pandaman actually has the One Piece. Also, he maybe the pirate king before Roger. And now he retired so he just troll around all different nations.
I'd like a deeper background to Pandaman. But i'd think it won't happen like that. :P
As often as he appears, it seems more like Pandaman is part of the Pandamen tribe and everyone we see is a different one. :P Trolling in panels, one arc at a time.