Creating a new Connection causes an infinite refresh.

Hello, I have a problem. I am using jsforce version 1.11 on my project. Now I decided to upgrade to version 3 and encountered an error.
My code creates a new connection, passing in a perfectly valid refreshToken and instanceUrl. The passed instanceUrl is valid, but not the one returned by Salesforce.
For example, I have an instanceUrl:
https://mdc-hause.my.salesforce.com
JsForce V1 and Salesforce CLI work with this URL.
I get the following URL when creating a connection:
https://someKey-playground1.my.salesforce.com
Note: These URLs are provided as an example to show that they are the same org. Salesforce previously replaced one with the other, so they both work. However, JsForce V3 doesn't work with the older one.
However, when attempting to make a request on this connection, the .on('refresh') event is called indefinitely:

const creds = {
          oauth2: {
            validClientId,
            validClientSecret,
          },
          refreshToken: validRefreshToken,
          instanceUrl: validProperInstanceUrl,
          version: '60.0',
        };

connection = new jsforce.Connection(creds);

connection.on('refresh', (accessToken) => {
  console.log('instanceUrl', connection.instanceUrl); 
 // Here, the connection already has an refreshed instanceUrl. This log is reproduced endlessly.
});

const q = connection.query(someQuery)
      .on('record', (record) => {
        records.push(record);
      })
      .on('end', () => {
        resolve(records);
      })
      .on('error', (error) => {
        reject(error);
      });

console.log('Before query run');

q.run(JSFORCE_OPTIONS)
      .catch((err) => {
        reject(err);
      });

However, when I try to execute the request, the 'refresh' event occurs again and again, and the request fails. In the terminal, I see the following:

Before query run
instanceUrl https://someKey-playground1.my.salesforce.com
instanceUrl https://someKey-playground1.my.salesforce.com
instanceUrl https://someKey-playground1.my.salesforce.com
instanceUrl https://someKey-playground1.my.salesforce.com
instanceUrl https://someKey-playground1.my.salesforce.com
......

Note: The above code works for jsforce V1.

Start at the new Connection refresh flow and the query request shown in the issue, reproducing the case with an older valid instanceUrl that Salesforce replaces. Compare the jsforce v1 and v3 behavior; done means the refresh event occurs once and the request completes instead of looping.