Caraxes, called the Blood Wyrm, was a dragon ridden at first by Prince Aemon Targaryen and later by Prince Daemon Targaryen. Caraxes was red, huge, and lean. In battle he was formidable, fearsome, and experienced. By the end of his life, Caraxes was considered an old and cunning dragon. During the Dance of the Dragons, Caraxes was about half the size of Vhagar, the oldest and largest dragon alive at the time. Daemon used Caraxes during the War for the Stepstones (106–115 AC). During those years, Daemon divided his time between the Stepstones and Dragonstone where he would often fly with his niece, Princess Rhaenyra, and her dragon Syrax. After Daemon remarried to Lady Laena Velaryon, the newly wed toured the Free Cities of Essos with their dragons Caraxes and Vhagar. Huge crowds came to see both dragons everywhere they went. At the start of the Dance of the Dragons, Daemon landed Caraxes atop Kingspyre Tower during the assault on Harrenhal. He has red scales, yellow eyes, a beard of horns, and wing-like membranes on his legs to support the aerodynamics of his body, which is long and serpentine in physique. Caraxes serpentine like features are accentuated by his neck, long and always on move, due to the dragon having a deviated septum which also causes him to have a unique roar when in combat.

Her ladyship shows far more interest in flying than in boys.