JF Raunchy Red Bounce
A variant of Bounce Mushroom (Rhodactis indosinensis)

Representative Bounce Mushroomphoto — a dedicated image of this exact morph isn't available yet.
A blue-based bounce with raised red frills and red bubbles; the outer tentacles shift between orange, yellow and red depending on lighting. A bold red-and-blue contrast piece that stays red in any light.
📜 Backstory
A Jason Fox Signature Corals (JF) named line, sold as the "JF Raunchy Red Bounce Mushroom" and documented on reefs.com and Reef2Reef. It is one of Jason Fox's designer Rhodactis bounces; the original wild source is not publicly documented beyond JF, so its collection lineage is debated. Small frags have changed hands in the hundreds of dollars on hobbyist forums.
Keeper tips for this variant
Use blue-rich light low in the tank to pop the red vesicles, and keep flow gentle so the inflated bubbles stay raised; feed lightly to maintain the red coloration.