[MCPE-105487] Textures change to pink when playing for long periods of time

Mojang Studios Note

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Notice
According to Mojang's beta release changelog, the pink texture glitch should no longer occur after 1.19.20, the next update.

When playing on servers (confirmed for Cubecraft, The Hive and Galaxite) for long amounts of time, textures will start to change to pink. This is mainly for skins, but can also include UI, HUD, blocks and even the sky. Once glitched, the pinkness does not disappear until Minecraft has been restarted and it follows the user into single-player worlds as well. Finally, it will cause a crash when rejoining any server.

Steps to Reproduce:
1. Join any server
2. Play for a prolonged period of time (about 2-3 hours)
3. Look for any unusual pink textures whilst playing

Observed Results:
Other players' skins will turn to a neon-like pink, possibly other textures too.

Expected Results:
Textures should not change from what they were before.

Update 17/3/23
Confirmed on 1.19.70