There should always be something bound as part of the top 50 rewards so there's a reason to run. People don't even try, Top26-50 are basically plat tier points, and top11-25 are closer to plat tier points than they are to top10.
All 2018 - 2022 events were competitive up to Top50. People were actually grinding it out because rewards are bound (even if it was some ugly banner) - because they are exclusive, and time-bounded to that event only.
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