The Respected Totem is a treasure found within the Negastool. It is worth 1,000,000,000 pokos, meaning that it takes a lot of mirth to get.
Olimar's Journal:
As one of the totems we found in a cave, this caught my eye, as we had to fight the pompus Negastool to get the treasure. The president wants to sell it for 1,000,000,000 pokos! He's crazy, crazy I tell you!