This is merino fingering/sock weight yarn. 400m/100g (superwash)
There's absolutely nothing wrong with this, it was just me testing out colors and this turned out pretty cool.  The base is a softer pink with fuschia in some areas and a spattering of purple, lavendar and a deeper blue. There's no muddiness to this, the color transitions are quite striking. There should be no bleeding to this either. It's been treated like all other yarns.
 
With 400m you will be able to do quite a bit with it. A light mesh scarf, shawl fingerless gloves, a hat, a table runner, pillow, light baby blanket and more.