M2 Macbook Pro Premiere Pro Memory Issue (Using 44Gb Memory)

I've tried everything from testing out different versions, rendering different project files and sequences and more, and I cannot find any way to render a file without the memory leaking terribly forcing me to quit the application before the sequence renders.

It's simple 4k footage I'm rendering into 1080p footage. It's a very simple sequence with 2 nested sequences all in the same project and everything. And those nested sequences just have the raw video file in them with nothing else really special.

Premiere runs really smooth during the editing process. No playblack lag, nothing. It also happened once during me editing and I noticed that if I stay on the app long enough, it just leaks out all it's memory.

I even tried running the intel version and the beta version. I tried encoding using media encoder and the same issue happens.

I have an 8gb macbook pro but I've seen countless videos of people editing in premiere just fine on them with browser tabs open too, so I'm positive it's not just a hardware issue. (it's leaking 40gb, thats not normal)