[Crypto Treasury Company Enlivex Hits Record Low Stock Price Due to Holding RAIN Tokens] According to Protos, Nasdaq-listed company Enlivex saw its stock price drop to a historic low of $0.42 due to its holdings of RAIN tokens, which are associated with Moshe Hogeg's failed project. In November 2025, Enlivex transitioned from an arthritis biotechnology company to the 'world's first predictive market digital asset treasury company,' raising over $200 million through private funding to invest in RAIN tokens. The company currently holds approximately 78.8 billion RAIN tokens (nominal value of $1.2 billion, accounting for 12% of the circulating supply), but its market capitalization is only $118 million. Hogeg, an Israeli crypto entrepreneur, is under investigation for $290 million in alleged misconduct. On-chain investigator ZachXBT warned in May that the RAIN token was being used to 'provide exit liquidity for insiders.'