Adjust oven rack to middle position and preheat oven to 350ºF.
Line two standard cupcake tins with cupcake liners and set aside.
In a large bowl, whisk together egg whites, champagne, vanilla, and food coloring until well combined. Set aside.
Using a stand mixer fitted with paddle attachment or a hand mixer, mix on low speed the flour, sugar, baking powder, and salt until combined, about 30 seconds.
With mixer running, add butter, 1 piece at a time, until incorporated and mixture resembles moist crumbs.
Add all but ½ cup of the egg white mixture and beat until just combined.
Increase speed to medium-high and beat until light and fluffy, about 1 minute.
Add remaining ½ cup egg white mixture in a slow stream.
Scrape down the bowl with a spatula and beat batter on medium-high speed until well combined, about 15 seconds.
Fill each cupcake liner ⅔ of the way up.
Bake until toothpick inserted in center cupcake comes out clean, 18 to 20 minutes, rotating pans halfway through baking.
Let cupcakes cool in tins on wire rack for 10 minutes.
Remove cupcakes from tins and let cool completely on wire rack, about 2 hours.