Yes, this is for
Aqua decks mostly. It's similar to what
Ice Revenant is for
Undead.
The reason that I've put high gem cost is to somewhat make it more difficult to get the bonus damage (playing 30g and then 25g consecutively, total dmg would be 110 + stock reduction). Also, to make it more difficult to play this card and the next turn
Poseidon's Wrath. I don't mind having Poseidon's Wrath sitting in my hand for 3-4 turns, and from my experience with Aquas, 30 gems is not so difficult to reach, given your opponent does not have a brigand/stock reducing or fast attacking deck.
I could change the cost to 15g30r, or something similar, though.