Melt candy melts over a double boiler or microwave according to package directions.
In separate bowls gently mix pink candy melts with 3 cups of cereal then mix 3 cups of cereal with green candy melts.
Add 1/3 cup powdered sugar to each batch. Toss until fully coated.
Spread coated cereal onto wax paper covered baking sheet. Add sprinkles immediately.
Allow chocolate to set for 20 minutes before eating.