Hit a record low, Enlivex, which holds RAIN tokens, sees its stock price drop to $0.42

Odaily Planet Daily News Nasdaq-listed company Enlivex, due to its holding of RAIN tokens associated with the failed project of Moshe Hogeg, saw its stock price drop to an all-time low of $0.42. Enlivex transformed from an arthritis biotechnology company into the "world's first prediction market digital asset treasury company" in November 2025, raising over $200 million through private placements to invest in RAIN tokens. It currently holds approximately 78.8 billion RAIN, with a nominal value of $1.2 billion, accounting for 12% of the circulating supply, but the company's market cap is only $118 million.

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