FLOAT(53,0) badly handles out-of-range values

I create a table with a FLOAT column and insert a value outside of the float supported range:

CREATE OR REPLACE TABLE t1(c1 FLOAT NOT NULL);

INSERT IGNORE INTO t1 VALUES (1e+40);

SELECT c1 FROM t1;

+------------+

| c1         |

+------------+

| 3.40282e38 |

+------------+

Looks good so far. It truncated the value to the maximum supported FLOAT value, and a corresponding warning was issued.

Now I do the same with a column of the data type FLOAT(53,0):

CREATE OR REPLACE TABLE t1(c1 FLOAT(53,0) NOT NULL);

INSERT IGNORE INTO t1 VALUES (1e+40);

SELECT c1 FROM t1;

+----+

| c1 |

+----+

|  0 |

+----+

It silently truncated the value to 0. This is wrong. The expected value should be a huge FLOAT value with a warning.