Unidentified tentacle monster

Anybody know who or what this is? It's yet another mystery figure that I got in a big bag of toys from one of the local thrift stores. I've done a number of Google image searches with phrases like "tentacle toy", but, I haven't had any luck (and I'm quite tired of getting tentacle porn results). It's an unarticulated mini figure that stands about 2-3/8" (6 cm) tall. There's no manufacturer copyright date molded on it, so I don't know who made it or when. At first, I thought it must be a Pokemon, but that doesn't seem to be the case. I strongly suspect that it's a character from a similar video game or anime though. Digimon, Ben10, etc?