UE 5.1.1 really lagging

Computer specs:
AMD 5950x
RTX 3090
128 GB RAM

I have ran into an issue today where I had to make a new project because I was getting a memory leak when clicking into the world partition tab to load my landscape. It would consume all 120 GB of RAM. I verified files of the engine, created a new project, and loaded in all my assets again. I have not begun any programming yet. I am connected to Perforce Source Control. Whenever I click on the button to toggle snapping, rotation, scale or anything in there it will lag for about 15 seconds as well if I change the increments. I have another project in 5.1.1 and does not do this. This all happens in a completely blank level. Any Ideas?

it’s also lag in LIT mode view. 5.1.1 with rtx 3070. whenever I move mouse near text.

Please fix soon