No doubt this wild west is very strange and has its own rules.
I actually use Kraken quite a lot and consider it an excellent exchange, if not the best one currently available.
I remember Kraken listing Tezos about 1 year ago, when its price was still very low (way below USD 40 cents), and you would have expected the price to shoot quite a bit because of the listing. It did shoot a little bit, but not much. It only went up significantly almost 6 months later.
Because of these kind of highly irrational reactions I have learned not to try and make sense of it, but rather always be prepared for the totally unexpected.