JPMorgan Closes Trump Accounts: Shift to WLFI

America’s largest bank JPMorgan has admitted for the first time in court documents that it closed the accounts of Donald Trump and his family following the January 6, 2021 Capitol attack. According to the statement of former chief administrative officer Dan Wilkening, commercial and personal bank accounts linked to Trump were closed in February 2021. This information was confirmed by court documents seen by publications such as Fortune and CNBC. Trump sued the bank for $5 billion in damages, claiming they closed their accounts for political reasons and defamed their reputation. Trump’s legal team described this as a devastating admission confirming their claims against the bank.

JPMorgan’s Reason for Closing Trump Family Accounts

JPMorgan spokesperson Trish Wexler stated that the lawsuit is unfounded, emphasizing that the account closures stemmed from legal and regulatory risks, not political or religious reasons. This ‘debanking’ incident distanced the Trump family from traditional finance.

Establishment of WLFI After Debanking and Crypto Alternative

This event directed the Trump family toward crypto. Eric Trump, noting that Capital One closed 300 accounts after debanking, led the establishment of the WLFI detailed analysis platform. WLFI stands out as a DeFi-focused project as an alternative to traditional banks. Eric Trump emphasized that crypto provides financial freedom. The project also draws attention with WLFI futures trading.

Critical Support and Resistance Levels for WLFI

• Price: $0.11 | 24h Change: -4.65% | RSI: 41.77 (Downtrend)
• Supports:
  • S1: $0.0960 (⭐ Strong, -13.90% distance)
  • S2: $0.1069 (⭐ Strong, -4.13% distance)
• Resistances:
  • R1: $0.1434 (⭐ Strong, +28.61% distance)
  • R2: $0.1172 (⭐ Strong, +5.11% distance)

Supertrend: Bearish | EMA 20: $0.1172.

Frequently Asked Questions About WLFI and the Trump Incident

How is WLFI connected to the Trump family?
Eric Trump founded WLFI after debanking; he sees crypto as a bank alternative.

Why is WLFI’s price falling?
RSI 41.77 and bearish trend dominate the downtrend; S2 support is critical.

Should you invest in WLFI?
According to technical data, if R1 resistance is broken, upside is possible, but it’s risky.