Meaning it sends to all leads in the list if there's only one Send Alert option (i.e. you don't hit Add Choice and there's only one possible list of recipients)? Just tried that and the token functions properly. It is comma-delimited. How are you checking the order of operations? You can only use the token in a trigger, so you have to be using Request Campaign to trigger this campaign if the values are already settled on the lead. This is a trigger campaign, triggered by a web form fill out in which UTM campaign and form comments get populated upon creation. I looked into the activity logs of each test and those fields do populate before the alert is sent. The Sent Alert activity is at the top of the activity log.
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