Ixion, representing the inflated ego, attempts to appropriate to itself that which belongs to the suprapersonal powers… His punishment, being bound to a fiery wheel, represents quite an interesting idea. The wheel is basically a mandala.
Edinger reads Ixion as the archetypal figure of ego inflation, whose binding to the wheel enacts the conversion of the Self-symbol from an image of wholeness into an instrument of torment when ego-Self identification persists too long.
, Ego and Archetype: Individuation and the Religious Function of the Psyche, 1972thesis