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Re:Apple’s M1 Positioning Mocks the Entire x86 Business Model by msie on Friday April 23, 2021 @02:05PM (#26917425)
This guy seems to have pinpointed the problem:

https://www.youtube.com/watch?v=FyMCoQmsv-I

The problem is unoptimized apps running on Rosetta2.

Re:Apple’s M1 Positioning Mocks the Entire x86 Business Model by astrange on Friday April 23, 2021 @05:02PM (#26919165)
Emulated apps don’t use more memory. It’s more likely Activity Monitor calculates their usage wrong, it doesn’t show very accurate numbers in the first place.