kraken

American  

[krah-kuhn] / ˈkrɑ kən /

noun

(often initial capital letter)

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

---

kraken British  

/ ˈkrɑːkən /

noun

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

---

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

Crypto platform Kraken filed paperwork in November for an IPO with an estimated valuation of $20 billion.

From MarketWatch

Crypto platform Kraken filed paperwork in November for an IPO with an estimated valuation of $20 billion.

From MarketWatch

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

EquityZen, which runs a platform to trade shares of private companies, notes that AI firms Cerebras, Cohesity, and Lambda Labs may seek IPOs, as could crypto firms BitGo, Consensys, and Kraken.

From Barron's