A shortcode from 2016 rendering a meta field, replaced by a binding on a core paragraph.
<!-- wp:paragraph {
"metadata": {
"bindings": {
"content": {
"source": "core/post-meta",
"args": { "key": "product_sku" }
}
}
}
} -->
<p></p>
<!-- /wp:paragraph -->
The meta key must be registered with show_in_rest and a sanitisation callback or the binding renders nothing, silently, which is the first thing to check. What this removes is a shortcode that was invisible in the editor — an author saw [sku] and now sees the value.