The 'Emperor' in 'Emperor Fallen Sky Pond' referred to a Heavenly Emperor.
The so-called Heavenly Emperor isn't a realm, but a supreme title, meaning that even the Ancestor should bow in the same era.
Since the opening of the Daluo Immortal Realm, there have been only three people who could be called Heavenly Emperors in nearly a million years since the first Yuan Gathering.
One of them is God Ye, who established the Lingxiao Immortal Court.
God Ye was the second Heavenly Emperor of Daluo, rising in the Sixth Yuan Gathering. After God Ye, the third Heavenly Emperor of Daluo, Yuan Heavenly Emperor, was born at the beginning of the Seventh Epoch.
However.
Yuan Heavenly Emperor was just a flash in the pan, he fell in less than three thousand years, before he was able to establish an Immortal Court, at Sky Pond Mountain.