Is there a way I can manipulate the hot spot? I want to drag the hot spot.

[sahil-Housiey]

i am already seen this seen response from the contributor

If you set the draggable hot spot configuration parameter to true, the hot spot can be dragged. You can then use the dragHandlerFunc / dragHandlerArgs hot spot configuration parameters to define a function, and arguments to be passed to that function along with the event object, when dragging starts and stops. These are documented in doc/json-config-parameters.md.
However, there is currently no example for using these features, and you have to use the Git master branch to use them, since they are features that were added since the current v2.5.6 release.

please upgrade your code to the latest version of pannellum in GitHub repo since the latest version i.e. 2.5.6 has arrived