Reproduction Steps:
Toggle off the “Screen Animations” option in the settings.
This is quite an annoying bug. Why should the panorama and splash text animations be affected just by turning off a single toggle like “Screen Animations”?
Honestly, it feels visually off and uncomfortable. please fix this.
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This is intentional per the changelog:
Stopped main menu background rotation and logo text movement when the "screen animations" option is disabled.

I just found out after looking at the 1.21.80 changelog on the wiki. Sorry for the inconvenience.