Percolation? Heat soak? Don't drive during summer??

How does the green wire “fire” the coil prematurely?

It can’t. The trigger, whether it’s points, a light or a magnet fires the coil.

The previous owner who installed it probably didn't protect the wire along it's path, and now there's a big hole rubbed in the insulation causing the wire to partially ground. Partial or bad connection could cause repeated arcing. Kinda like a bad battery trying to crank which causes the relay to 'buzz' or repeatedly click...