Similar to the first reason, if you’re using a shared account, it’s possible that someone else requested a code after you did, rendering the first code invalid.
Your anti-spam filter followed the links in the email to check their validity
If your anti-spam filter followed the links in the email to check their validity, and one of them submitted the code as part of the URL, and you have eliminated the first three as possibilities, please check with your anti-spam system admin or vendor to see if this might be the cause.