Enlivex Stock Hits Record Low as RAIN Treasury Draws Scrutiny

• Enlivex shares hit an all-time low of $0.42, down 94% over five years on Nasdaq.
• Enlivex pivoted to a RAIN token treasury in November 2025 and raised over $200M.
• ZachXBT linked RAIN wallet addresses to accounts tied to Moshe Hogeg in May.

Every retail investor who has ever bought shares of Enlivex on the Nasdaq has now lost money. The stock hit an all-time low of $0.42, falling 94% over five years and 30% decline this year alone.

From Biotech To Crypto Treasury

Enlivex spent years developing clinical therapeutics before abruptly reinventing itself in November 2025 as what it called the world’s first prediction markets digital asset treasury strategy. The company raised over $200 million through a private placement at $1 per share, funded in dollars and USDT, and began accumulating RAIN, a governance token on an Arbitrum-based protocol that it compared to Uniswap…

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