All-time low: Enlivex, the company holding RAIN tokens, sees its stock price drop to $0.42

Odaily reports that Nasdaq-listed Enlivex, due to its holdings of RAIN tokens associated with the failed project of Moshe Hogeg, saw its stock price hit an all-time low of $0.42. In November 2025, Enlivex transformed from an arthritis biotechnology company into the "world's first prediction market digital asset treasury company," raising over $200 million through private placements to invest in RAIN tokens. It currently holds approximately 78.8 billion RAIN tokens, with a notional value of $1.2 billion, representing 12% of the circulating supply. However, the company's market capitalization is only $118 million.

Moshe Hogeg is an Israeli crypto entrepreneur currently facing a $290 million enforcement investigation. On-chain investigator ZachXBT stated in May that the RAIN token "provides exit liquidity for insiders."