: This is a link-local IP address. It is a non-routable address reserved for communication between a host and itself. AWS reserves this specific IP for the metadata service. Because it is a fixed IP, applications running inside the instance (like the AWS CLI or SDKs) always know exactly where to look for credentials without needing configuration.
It allows applications running on the instance to retrieve temporary AWS IAM credentials (AccessKeyId, SecretAccessKey, and Session Token) without hard-coding keys. The Attack: How SSRF Works
This is clearly targeting the – a well-known internal IP address ( 169.254.169.254 ) used by EC2 instances to expose instance metadata, including IAM role credentials.
: The vulnerable server, thinking it is fetching a legitimate resource, makes an internal HTTP request to the metadata IP.