React hooks function component prevent re-render on state update

class ClassExample extends React.Component {
  _isAnimating = false;
  _blockRef = null;
  
  onBlockRef = (ref) => {
    if (ref) {
      this._blockRef = ref;
    }
  }
  
  // Animate the block.
  onClick = () => {
    if (this._isAnimating) {
      return;
    }

    this._isAnimating = true;
    Velocity(this._blockRef, {
      translateX: 500,
      complete: () => {
        Velocity(this._blockRef, {
          translateX: 0,
          complete: () => {
            this._isAnimating = false;
          }
        },
        {
          duration: 1000
        });
      }
    },
    {
      duration: 1000
    });
  };
  
  render() {
    console.log("Rendering ClassExample");
    return(
      <div>
        <div id='block' onClick={this.onClick} ref={this.onBlockRef} style={{ width: '100px', height: '10px', backgroundColor: 'pink'}}>{}</div>
      </div>
    );
  }
}

const FunctionExample = (props) => {
  console.log("Rendering FunctionExample");
  
  const isAnimating = React.useRef(false)
  const blockRef = React.useRef(null);
  
  // Animate the block.
  const onClick = React.useCallback(() => {
    if (isAnimating.current) {
      return;
    }

    isAnimating.current = true
    
    Velocity(blockRef.current, {
      translateX: 500,
      complete: () => {
        Velocity(blockRef.current, {
          translateX: 0,
          complete: () => {
            isAnimating.current = false
          }
        },
        {
          duration: 1000
        });
      }
    },
    {
      duration: 1000
    });
  });
  
  return(
    <div>
      <div id='block' onClick={onClick} ref={blockRef} style={{ width: '100px', height: '10px', backgroundColor: 'red'}}>{}</div>
    </div>
  );
};

ReactDOM.render(<div><ClassExample/><FunctionExample/></div>, document.getElementById('root'));

<script src="https://cdnjs.cloudflare.com/ajax/libs/velocity/1.2.2/velocity.min.js"></script>

<script src="https://cdn.jsdelivr.net/npm/[email protected]/lodash.min.js"></script>
<script src="https://cdnjs.cloudflare.com/ajax/libs/react/16.8.3/umd/react.production.min.js"></script>
<script src="https://cdnjs.cloudflare.com/ajax/libs/react-dom/16.8.3/umd/react-dom.production.min.js"></script>

<div id='root' style='width: 100%; height: 100%'>
</div>