Memory Leak Issue?

Hey all,

I've been experiencing what I believe is a memory leak. Probably 2-3 times per day I'm having a dialogue pop up on my 16" M1 Max Macbook Pro (M1 Max, 32GB RAM, 1TB SSD) that says my computer is out of memory. Premiere completely locks up and I lose whatever work I have done since the last save/autosave. In the dialogue box, it usually says Premiere is using around 100-120GB of RAM. My preferences are set to reserve 6GB open for other applications but obviously the program is blowing way past that number multiple times per day. Unfortunately, it isn't perfectly replicable as it doesn't crash every single time I use it. At 2-3 times per 8-hour edit day, I'd say it ends up crashing like this 20-30% of the time I use it.

Before anyone asks: Yes, my software is fully up to date via CC (Premiere 23.2.0). I am on MacOS Ventura 13.2.1. I am editing off of an external SSD. The entirety of the project is 300GB.

Has anyone else experienced this issue and resolved it?

Thanks!