when you press pick block on glowing squid, it doesn't give you a glowing squid egg. instead, it gives you a red coloured egg with some random text for the description.
Linked issues
duplicates 1
Comments 2
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We're tracking this issue in MCPE-126946, so this ticket is being resolved and linked as a duplicate.
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This happened to me earlier. Unfortunately, i don't know anyway to fix this, although it's not that big of a deal