Hi - for the last few weeks I have been experiencing this as well - this morning I quit Insync when it had gotten to 5 GB of memory usage. CPU usage does not seem to be excessive in my case. It seems to do this over a few days before I restart the app to release it.
Macbook Pro M1
MacOS 13.3.1 (a) (22E772610a)
Insync version… 3.8.6.50504
After restarting when I posted this, Insync is now up to 1GB of memory use (12 hours later).