Changing the ItemsSource property of the ListView causes it to recreate its cells. The problem is that the existing cells are never reclaimed by the garbage collector, so the memory usage grows constantly. Eventually, the application can run out of memory, if the ItemsSource is updated too many times.
Note: It is possible the memory leak is caused by the bindings holding objects longer than necessary. Similar memory leaks can be reproduced with the .NET MAUI CollectionView as well. Here are a few GitHub issues for the CollectionView that might be related: