Kraken Coins

Kraken Coins Slot Review: Hold and Win Beneath the Waves

Kraken Coins is an underwater-adventure video slot from Ela Games, released in November 2024, built around a classic Hold & Win structure rather than a traditional payline setup. Played on a compact 3-reel, 3-row grid, it offers coin prizes, random multipliers, and a progressive jackpot ladder topped by a Grand Jackpot worth 3,000x the stake.

Theme and gameplay feel

The game is set in the ocean depths, with detailed underwater scenery, animated sea creatures, and treasure-filled reels creating an immersive high-stakes atmosphere beneath the waves. It's a tighter, more focused presentation than a full-size video slot, in keeping with the compact grid the Hold & Win format typically favours.

How the Hold & Win bonus works

Landing three Bonus symbols on the middle row triggers the Hold & Win Bonus Game. From there, players collect coin prizes worth up to 10x the stake, with each new symbol that lands resetting the respin counter, extending the round for as long as fresh coins keep appearing. Random multipliers of up to 4x can also land during the bonus, boosting the value of collected coins.

The real draw is the jackpot ladder: collecting all nine positions on the grid during the bonus unlocks the Grand Jackpot, worth 500x the stake, alongside Mini, Minor, and Major jackpots available along the way through the same collection mechanic.

What the RTP means for you

Kraken Coins returns 95.9% to players over the long run, a figure just shy of the wider industry average. It's a small gap rather than a major red flag, but worth factoring in if you're comparing it against other Hold & Win style games offering a slightly higher return.

Volatility and max win

This is a high-volatility release, with the jackpot collection mechanic doing most of the heavy lifting in terms of variance — most rounds will land somewhere in the coin-prize range, while completing the full grid for the Grand Jackpot remains a rarer, bigger-ticket outcome, contributing to the game's overall 3,000x max win potential.

Betting range and bonus buy

Stakes run from 10p up to £50 per spin, and a bonus buy option is available on supported platforms to trigger the Hold & Win Bonus Game instantly, keeping all core mechanics active during the purchased round.

Verdict

Kraken Coins delivers a focused, jackpot-chasing take on the underwater theme, built around a Hold & Win structure that fans of coin-collection slots will recognise instantly. With a 95.9% RTP and a genuine shot at the 3,000x Grand Jackpot, it's worth a look through the free demo at johnessyslots before playing for real money, especially if compact, respin-driven bonus rounds are your thing.