Freelancer:
yuushaine
Mooshy Mochi
I decided on mooshy because it's a word that people use to describer something that can smush or can be moulded, just like clay. I also added the word mochi because mochi is a sweet dessert that is chewy and squishy as well. The colours that I used in the picture were randomly chosen. But if you do end up using this name for your product, I think the colours used would be attractive and appealing to kids as well as adults who may consider due to it's aesthetic.