Enlivex faces legal investigation due to heavy holdings in RAIN token, causing its stock price to fall to a historic low

According to Protos, Nasdaq listed company Enlivex's stock price fell to a historic low of $0.42 due to its holdings of RAIN tokens associated with the Moshe Hogeg project. Enlivex will transform into a predictive market digital asset treasury company in November 2025, investing over $200 million in RAIN tokens through private equity financing. Currently, it holds approximately 78.8 billion RAIN tokens with a nominal value of $1.2 billion, accounting for 12% of the circulating supply. The company's market value is only $118 million. Moshe Hogeg is facing a $290 million law enforcement investigation, and blockchain investigator ZachXBT warned in May that the RAIN token provides exit liquidity for insiders.