Do you see the menu with Top project and Recents?:
Which one (or both) cause the problem for you? When I tested last night I recall seeing the archived project drop to the bottom of the list (maybe I was using Recents, can’t recall) and figured it would drop off eventually.
Can you provide your feedback on this, perhaps referencing this thread, in either of the two ways mentioned here:
Note: For me, the Share feedback in the left sidebar is way down at the bottom now.