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It looks like this is for client tracing. I did not see it in 126.96.36.199.0, but am seeing it in 188.8.131.52.0. The directory gets created in your home directory when you make a client connection.
logged in as oracle I get
when logged in as myself I get
there is a note that explains how you can revert behavior back, but it requires making changes to several config files (not sure it is worth it). Doc ID: 454927.1 -> It references 184.108.40.206.0 but my 11.1 was 220.127.116.11.0 and I don't have this happen there, only on 11.2.