Enlivex, a Nasdaq-listed company, has seen its share price drop to an all-time low of $0.42, largely due to its significant holdings in the RAIN token. The token is linked to a failed project by Moshe Hogeg, an Israeli crypto entrepreneur currently under investigation for $290 million. Enlivex, which transitioned from a biotech firm to a digital asset treasury company in November 2025, invested heavily in RAIN, holding approximately 78.8 billion tokens valued notionally at $1.2 billion. Despite this, the company's market capitalization is only $118 million. The company's stock has plummeted 94% over the past five years, with shares initially purchased at $1 now worth half that amount. On-chain investigator ZachXBT previously warned that the RAIN token might be providing exit liquidity for insiders, further complicating Enlivex's financial standing.