Plummeting to a historic low, Enlivex's stock, which holds RAIN tokens, drops to $0.42
Odaily Odaily reports that Nasdaq-listed company Enlivex, due to its holdings of RAIN tokens associated with Moshe Hogeg's failed project, saw its stock price plummet to an all-time low of $0.42. Enlivex transitioned in November 2025 from an arthritis biotechnology company into "the world's first prediction market digital asset treasury company." It raised over $200 million through private placements to invest in RAIN tokens. It currently holds approximately 78.8 billion RAIN tokens, with a nominal 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 facing a $290 million enforcement investigation. On-chain investigator ZachXBT stated in May that the RAIN token "provides exit liquidity for insiders."
