No, we call the zoomies - the circles simply come from the constricted space. it's just excess energy and joy of living. Guinea pigs are roaming animals, so they are wired to go distances. A group of wild guinea pigs can easily cover a mile to feeding on a patch of fresh grass at dawn or dusk within their territory. They follow each other on paths through the grasslands, which is why guinea pigs like to go where there is already a scent spoor or follow their own scent spoor. They also enjoy running around, through or over small obstacles.

When they have more space they will make more use of it.
Here is a little video of young husboar Bedo (the one with the orangey bits) and his leading ginge lady Essylt enjoying their roaming time. Their pen is at the bottom of the room.