Preheat oven to 350° and prepare muffin pans with muffin liners.
Whisk together dry ingredients. Set aside.
Mix together wet ingredients. Gradually incorporate dry ingredients until well combined and then fold in the fruity pebble cereal.
Stir ½ cup fruity pebbles into 1 cup milk. Let sit for 15-20 minutes. Then strain the liquid into a bowl using a fine mesh sieve and set aside. Toss the soggy cereal in the garbage. Pour 1/3 cup cereal milk into the powdered sugar. Whisk together well.
Remove muffins from oven and let cool 10 minutes before drizzling glaze. Best served the day of. Store in an airtight container.