You may be looking at transactions of an unknown entity dubbed "Crazy1o1". To my knowledge, it is still unknown who they are or why they are using 1-of-1 transactions, but they've been active for years. Notable mentions: - LaurentMT first [describing and naming Crazy1o1](https://twitter.com/LaurentMT/status/1264586463536189444) - LaurentMT analyzing some [traffic of Crazy1o1](https://twitter.com/LaurentMT/status/1264958123275681793) - Stepan Snigirev [asking](https://twitter.com/StepanSnigirev/status/1413156991606865924) about 1-of-1 transactions - [Crazy1o1 consolidating](https://twitter.com/ziggamon/status/1264233427840176129) 720k+ UTXOs at over 100 s/vB while the mempool was essentially empty - On-going traffic of [1-of-1 multisig transactions](https://mempool.observer/monitor/?filter=WD0xLW9mLTE%3D) - [Crazy1o1][1] on OXT.me [1]: https://oxt.me/entity/tiid/3498542669