Crypto treasury company Enlivex hits all-time low share price due to holding RAIN token

CoinFeed, July 8 – According to Protos, Nasdaq-listed Enlivex, holding RAIN tokens linked to Moshe Hogeg's failed project, saw its share price fall to an all-time low of $0.42. Enlivex transformed from an arthritis biotech company into 'the world's first predictive market digital asset treasury company' in November 2025, raising over $200 million through private placement to invest in RAIN tokens. It currently holds about 78.8 billion RAIN tokens (nominal value $1.2 billion, 12% of circulating supply), but its market cap is only $118 million. Hogeg is an Israeli crypto entrepreneur facing a $290 million enforcement investigation. On-chain investigator ZachXBT warned in May that RAIN token 'provides exit liquidity for insiders'.