AWS (IMDS), Google Cloud, Azure, Oracle Cloud and DigitalOcean all serve instance metadata at http://169.254.169.254. Because it returns credentials to any process on the VM, it is the number-one target of SSRF attacks; the 2019 Capital One breach used exactly this path. AWS IMDSv2 requires a session token (PUT then GET) to mitigate it, and you should enforce it.
If you see requests to this address in an application log from user-supplied URLs, treat it as an attack attempt and block it at the egress layer.