How does burning appear in TX log?

Hey all,

So I came across a project that’s burning 70% of its supply at set intervals as the market cap grows but even after owner burned tokens and I watched mc jump up 120% I only saw what appeared to be large purchases in TX log. However, after checking TX hash on solscan, it showed the tokens were burned which was slightly confusing..

Even though burning has been around for ages, a token burn schedule like this is fairly new to me and the crypto space from what I can tell. So, have any of you noticed TX hashes for token burns in TX logs before and if so, do they appear as purchases when burned or do they appear at all? It would obviously increase market cap with less supply but how it’s reflected in TX log, I’m not certain of

Ie: Wade burned 1% at 100k mc = 1k buy in TX log Wade Burned 1% at 200k mc = 2k buy in TX log Wade Burned 1% at 300k mc = 3k buy in TX log Wade Burned 1% at 400k mc = 4k buy in log

I didn’t catch the 300k and 400k ones but saw the insane boost to mc, went pretty fast from 150k to 400k after burns.. but saw TX for similar (to 1%) buys when mc jumped and burns happened.

Or, does burn appear in TX log at all?