BabyPepe is a new token birthed by fans of the Pepe meme community. It aims to provide a second chance for those who missed $PEPE, offering reflection rewards in Arbitrum for holders. The project has seen trending volume and features a renounced smart contract with low taxes and locked liquidity. It's positioned as an alternative to BabyDoge, addressing past failures and internal conflicts within that ecosystem. An airdrop is planned for $PEPE holders.