No true street doesn't compete for a Wally. The overall winner gets the 6ft tall "king of the street trophy"
Every other class competes for a Wally and contingency money from all sponsors. (True street is not eligible for contingency payout) the true street purse is 250 for winner, 150 runner up and 100 for each 1 second interval index winner. So unless you win or runner up true street won't even pay back your entry fee