Recently, in One Piece Chapter 1188, Eiichiro Oda has given one of the biggest twists in the narrative. We are currently in the Elbaph arc, where Imu himself has made an appearance and fought against Loki and Luffy. While the first part of the battle, Luffy was not participating because he understood that facing such a powerful force, he needed to make sure to be in his peak condition.
Interestingly, when he made an entrance in this battle, he managed to land a punch on Imu. For a second, fans were hopeful that maybe, because we are in the Final Saga of this series, our protagonist actually has a chance to fight against this major antagonist.

Especially now that Luffy has awakened his fifth gear. But in One Piece Chapter 1188, in just a single panel, one thing becomes clear: Imu should not be underestimated because he stabbed through Luffy. So now the question remains if Imu managed to kill Luffy? The short answer is maybe not, because for one, Luffy is the protagonist of the long-running shonen series.
So Eiichiro Oda could have something major planned. To end Chapter 1188 with such a shocking cliffhanger and make readers feel like they are on the edge of their seats as they witness Imu just slice into Luffy is a bold move. Especially with the manga going on a small haitus it is a cruel way to end a chapter because fans will have to wait a week longer to understand the reality of the current situation.
Why do fans not believe that Luffy in One Piece is dead?

Despite looking at the final page of One Piece Chapter 1188, many readers firmly believe that this situation is a minor setback rather than making Luffy go through a sudden final moment of his life without even achieving his dreams. Throughout One Piece, Eiichiro Oda has made our main character go through devastating loss before making it a turning point for his growth. One of the most obvious examples is when Luffy fought against Crocodile in Alabasta.
Initially, he was completely overwhelmed and left to die by himself, but Luffy came back stronger. Even during the Wano arc, when it looked like Kaido killed Luffy, this moment was needed for the protagonist to awaken the Hito Hito no Mi, Model: Nika, and the debut of Gear 5. Because of these moments throughout One Piece, many believe Chapter 1188 is setting up another comeback rather than ending Luffy's journey.
Imu proves why they are the final villain

While Luffy's fate remains uncertain, one thing becomes clear in One Piece Chapter 1188: Imu is on an entirely different level. Rather than feeling like a balanced duel between two top-tier fighters, the encounter resembles a complete lesson in the gap between the current Pirate Emperor and the series' ultimate antagonist.
Imu making a bold statement that Luffy is "too weak to be Joy Boy" also means that this particular fight is about more than raw strength and beating this antagonist altogether. It also raises fresh questions about Joy Boy's legacy and why Imu reacts so strongly whenever Luffy reminds them of the legendary figure. At the same time, this means that it is high time for Luffy to have another iconic power-up moment because he needs to catch up in terms of becoming stronger.
What could happen next?

With the manga heading into its next chapter, several theories have emerged among fans. Some believe Luffy will recover through his incredible endurance, while others expect another evolution of his Haki or even a completely new transformation.
Another possibility is that the Straw Hats, along with Loki and the giants of Elbaf, temporarily hold Imu back while Luffy recovers. Several readers also think this defeat is meant to establish just how impossible the final battle truly is before Luffy eventually returns stronger.
For now, Luffy appears critically injured, but until the manga explicitly confirms his fate, fans should treat One Piece Chapter 1188 as a devastating cliffhanger rather than the end of Monkey D. Luffy's journey.