NASDAQ-listed Enlivex saw its stock price plunge to a historic low of $0.42 after holding RAIN tokens linked to Moshe Hogeg’s failed projects. Enlivex rebranded from an arthritis biotech company to the “world’s first prediction market digital asset treasury company” in November 2025, raising over $200 million in private funding 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—while the company’s market capitalization stands at just $118 million.
Moshe Hogeg is an Israeli crypto entrepreneur currently under a $290 million regulatory investigation; on-chain investigator ZachXBT stated in May that the RAIN token “provides insiders with exit liquidity.”[Odaily]