I just noticed this on the Mac desktop app. It's a change in behavior since late Jan.
Dropbox app v. 194.4.6267/ Mac OS 12.7.3.
Clicking on the App in the Menu bar only tells me that the file is syncing, hovering over the same Menu bar app also only shows that the file is uploading (same as the pervious post).
This is a critical function as I need to tell people when to expect a file will be available.