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Banlist History Restriction changes recorded for Number 11: Big Eye

It is supposedly an ancient rune used to summon the real Leviathan

Kaiba allows it

And we see this in some of the most popular Mono Red commander options on EDHREC: Red is very good at Burn, and three of the top Burn commanders come with built-in resiliency to removal -- Ojer Axonil, Deepest Might, Solphim, Mayhem Dominus, Purphoros, God of the Forge -- which is especially good since Red has basically no good answers to board wipes

It got tagged in April 2005 during the formats first wave of bans

instead this move's oddity has more to do with logistics