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If the pluralisation of "kraken" in ingame dialogue and the pattern of game mechanics being connected to lore are not enough to convince you, then I have one more piece of ingame evidence There is a riddle on The Crooked Masts that has you go to the grave of a "kraken slayer" where there are various items for kraken hunting While your riddle clues in in Sea of Thieves may have some differences, the main goal of 'The Grave of the Kraken's Prey' should be the same Here's the riddle we got The Crooked Masts is the golden key, between the sky and the deep blue sea At the North West grave of the Kraken's prey ye are almost there, 5 paces East dig treasure bare
Kraken slayers grave sea of thieves