“ring / wheel” in Japanese is 輪, read rin, wa (りん, わ). It is a Grade 4 Kyōiku kanji, taught in year 4 of Japanese elementary school, and appears in words such as 車輪 (wheel).
What does 輪 mean?
自転車の輪が回る。
Same sound, different character — the classic trap. Compare them side by side: