Coreb Games, renowned for their Unreal Engine 5 tutorials and assets, has teased a new tool called Mesh Deformer. While details are very limited, it appears to be a destructive projectile powered by Geometry Scripting, allowing for the real-time deformation of static meshes.
The developers mentioned that it should be available on Fab next week. In the meantime, here's another preview of Mesh Deformer: