kraken

American  

[krah-kuhn] / ˈkrɑ kən /

noun

(often initial capital letter)

1. a legendary sea monster causing large whirlpools off the coast of Norway.

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kraken British  

/ ˈkrɑːkən /

noun

1. a legendary sea monster of gigantic size believed to dwell off the coast of Norway

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Usage

Why is kraken trending? On July 23, 2020, searches for kraken increased 4,782% compared to the previous week after the National Hockey League (NHL) announced its newest team in Seattle, Washington, will be known as the Kraken.

Etymology

Origin of kraken

From Norwegian

Example Sentences

The analysts cut their target price on the Australian power retailer Origin by 6.8% to A$11.00, partly due to the lower-than-expected valuation of Kraken in a recently announced capital raising by parent entity Octopus Energy.

From The Wall Street Journal

However, they write in a note that Octopus—through which Origin owns its stake in Kraken—is now well capitalized and the de-risking of Kraken through its pre-IPO period should result in a strong asset price.

From The Wall Street Journal

Its well-heeled critics include Jessie Powell, co-founder of the Bay Area-based crypto exchange platform Kraken, who warned on X that billionaires would flee the state, taking with them “all of their spending, hobbies, philanthropy and jobs.”

From Los Angeles Times

Companies such as OpenAI, SpaceX, Kraken, and Anthropic could potentially come to market this year, generating hundreds of millions in advisory and transaction fees along the way.

From Barron's

Companies such as OpenAI, SpaceX, Kraken, and Anthropic could potentially come to market this year, generating hundreds of millions in advisory and transaction fees along the way.

From Barron's