We all remembered how the kraken was like, the difficulty, the fear knowing the kraken could come up any moment And change the tide of battle before any of us realise that kraken only emerge from the depths when there is no world event which ruin the surprise of it encounter for long time pirates.
The megalodons does a better job than the kraken as it unpredictability to encounter such beast and could pose an threat to a galleon if given an chance
(I have not fought the kraken on a galleon for a long time so I do not know how hard she is)
The kraken event could use an rework such as you could go out of your way to hunt the beast down or it find you no matter if there is an world event happening which would recreate the fear of being krakened at any moment and to help strengthen that fear is to give her a big buff and new movesets like knocking down the mast, the kraken event should be a rare event that happens and the reward should be far greater than anything else to make up for it difficult risky challenge like an loot pool containing many stronghold loots, Rare items, supplies that give food, wood, cannonballs and fish the reward Should give one or more If you are lucky the SHIPWRECK CHEST OF LEGEND (a chest of legend that give half of it value)
This idea is a bit snitch together so expect an bit more detail kraken rework post
