I don’t think so @ismh86, I suspect this will change for you as well:
https://help.dropbox.com/installs/macos-support-for-expected-changes
If you click the menu bar icon is there some sort of ‘update location’ option?
I noticed on installing the current Dropbox app yesterday, that it was a two step process - it first installed to the traditional location, once the sync finished it had an option in the menu bar to move it to the new location.
I was trying to fix a problem with this new approach.