CHOMP!
The Mutated Piranha bites off a large portion of the wall when it tried to attack us. However, seeing a Mutated Piranha in this cavern is a sign that this Treasure chest is something with value as the Mutated Piranha tends to gather around treasures in underwater caves and near bodies of water.
There are three Mutated Piranha which means the item should be some sort of an accessory or a forging item ingredient. It's not much but if it's free, there is no need to worry about it and take it.
Imbuing the Versatile Weapon with the skill [Lightning Sword], I immediately calculated their actions based on my movements as they will attack once a side of you will show weakness. That is how a piranha does the kill.
SWISH! SWISH! SWISH!
Three slices and I managed to kill them in one go by slicing their gills. With the amount of damage my weapon generates plus the elemental damage plus the weakness strike, one strike is enough to kill.