Red and white fungus

Observation - Red and white fungus - Global. Description: It looked as if something had nibbled all around the edge. Is this possible/likely?
It looked as if something had nibbled all around the edge. Is this possible/likely?
Observation - Red and white fungus - Global. Description: It looked as if something had nibbled all around the edge. Is this possible/likely?
It looked as if something had nibbled all around the edge. Is this possible/likely?