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That is not a separate tool, but rather a mouse pointer icon that indicates moving an object. The icon is shown at https://help.libreoffice.org/Common/Dragging_and_Dropping_Within_a_Document.

When the pointer changes, the shape should be copied in memory. For certain operations in LibreOffice, this is important, for example, https://ask.libreoffice.org/en/question/152625/is-there-a-uml-xshape-for-libreoffice/?answer=152697#post-id-152697.

The pointer icon is also slightly more informative. For one thing, it makes it clearer when pressing Esc to cancel moving.

That is not a separate tool, but rather a mouse pointer icon that indicates moving an object. The icon is shown at https://help.libreoffice.org/Common/Dragging_and_Dropping_Within_a_Document.

When the pointer changes, the shape should be copied loaded in memory. For certain operations in LibreOffice, this is important, for example, https://ask.libreoffice.org/en/question/152625/is-there-a-uml-xshape-for-libreoffice/?answer=152697#post-id-152697.

The pointer icon is also slightly more informative. For one thing, it makes it clearer when pressing Esc to cancel moving.

That is not a separate tool, but rather a mouse pointer icon that indicates moving an object. The icon is shown at https://help.libreoffice.org/Common/Dragging_and_Dropping_Within_a_Document.

When the pointer changes, the shape should be loaded in memory. For certain operations in LibreOffice, this is important, for example, https://ask.libreoffice.org/en/question/152625/is-there-a-uml-xshape-for-libreoffice/?answer=152697#post-id-152697.

The pointer icon is also slightly more informative. For one thing, it makes it clearer when pressing Esc to cancel moving.

TL;DR, There's no significant difference when moving text boxes.