The Sharkron Balloon is an accessory. It combines the functionality of the Tsunami in a Bottle and the Balloon Pufferfish. It is especially effective when combined with wings, because the cloud will jump-start your wings and the Pufferfish will let you fly higher. The Sharkron Balloon's double jump travels further than the Cloud in a Balloon by four blocks. However, the Blizzard in a Balloon travels further than the Sharkron Balloon by five blocks.
It can be crafted together with a Lucky Horseshoe to make a Pink Horseshoe Balloon.