Kraken

The Kraken is a Yoyo with a 1 in 200 drop chance from any enemy inside the post-Plantera Hardmode Dungeon. It has a throwing length on 25 blocks. It is the third highest tier Yoyo there currently is in the game (fifth if counting the two developer yo-yos that are currently unobtainable in game). It is one of the few Yoyos in the game that are able to be thrown and stay in the air forever.