The pink to yellow color change in DMEM indicates:
Metabolic basis for color change reflects shift toward glycolytic phenotype characteristic of rapidly dividing cells in vitro despite ample oxygen availability phenomenon termed Warburg effect observed initially in tumors but also in normal proliferating cultures. Cells convert glucose to pyruvate via glycolysis then lactate via lactate dehydrogenase tetramer reducing NADH to NAD+ maintaining redox balance, exporting lactate plus proton via monocarboxylate transporter MCT4 SLC16A3 electrogenic process acidifying extracellular milieu even when mitochondrial oxidative phosphorylation functional.
Ref: Eagle 1973 lactate acidification Warburg glycolysis MCT4; Gibco Cell Culture phenol red yellow acid pink alkaline contamination cue.