saguaros
Reproduction steps are the same:
Going to the template style editor, theme color tab, then trying to duplicate the default theme color template will cause the issue, or just picking another pre-save, in my screenshot example it is color-adj1, which is just a saved duplicate of default. After this process, if I select my default it will still show blue on the preview, but luckily the live site will keep the actual default colors if I cancel without saving.