I hope you're right about the young avengers story.
I honestly thought alligator Loki is just the original Loki but like he got stuck in an alligator form and Thor is keeping him with him in Asgard in till he finds away to transformed back.
Lee's last loki makes me believe both of my last theories are kinda wrong.they might just say the ending of agent of asgard happened in a different universe and the 616 Loki actually decided to stay and fight with his freya,Odin and the rest.
I personally like to pretend it was real and not an illusion.
Loki getting the full on variant pride month cover treatment have made my day gygyvy.I can already see the homophobes getting pissed and pretending they actually cared about Loki which makes it even better lmao.