An early version of Bedman?'s orb pondering particle present in Strive's files as bed_eye_energyball_old and bed_eye_energyball_burst_old.
It's got a brighter red colour and a lot of pink in it. I think the distortion might also be more intense but I'm not sure.
I have no idea if this is displaying correctly or not. The pink looks like the same pink as the particles that show up when bed install runs out but I've always thought those looked odd too. Maybe just because they look a lot like the pink Unity uses to indicate missing textures/materials (which wouldn't make sense because Strive is UE4 but the association is rooted deep in my head).
If you like this you can mod it back in with a mod available on GameBanana or directly from my site.