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The Carnival Candy Slime Mould (Arcyria denudata) is of the family Arcyriaceae which is in the genus Arcyria. This is a very striking pink species which was formally consider to be a fungus but has now been reclassified as a slime mould. It is found on dead and decaying wood in damp habitats.
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Patrick J. O'Keeffe / Raw Birds