It doesn't. Valuation gets wiped out. Once you start relying on valuation as 1:1 to dollar value, you get stupid prizes. This is typically hysterical stories by

It doesn't. Valuation gets wiped out. Once you start relying on valuation as 1:1 to dollar value, you get stupid prizes. This is typically hysterical stories by people who are challenged in their irrational belief (which is uncomfortable!) and have to decide if they want to keep believing, while journalist-wannabes write clickbait headlines.