A UFO!
That is, an Unidentified Fungal Object. It looks a lot like melting candle wax to me. It might be a Lion's Mane fungi, at least the beginning of one, which are often seen in Maine. Doing a bit of reading on it, it is said to have nerve regenerating properties and shows some prospects as a treatment for dementia. How interesting! You just never know what you will find growing on an old tree. Nature is just full of surprises.
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