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Hello @TRaG,
Based on the information you provided, it appears that you are experiencing issues during a tenant-to-tenant migration such as unable to update the User Principal Name (UPN), mailbox preparation taking longer than 24 hours, Exchange Online not behaving as expected during the migration process.
Given the nature of these symptoms, the issue is likely related to a backend service or tenant configuration that cannot be fully investigated through this community forum. It would be best to work directly with Microsoft Support, as they have access to the necessary backend tools and logs to identify configuration conflicts or other underlying issues.
As a Global Administrator (GA) of both tenant, you can create a support request directly from the Microsoft 365 Admin Center. Once the support ticket is submitted, the Microsoft Support team will be able to perform a deeper analysis of your tenant environment and investigate the issue further. You can refer to: Get support - Microsoft 365 admin | Microsoft Learn
Please note that this is a user-to-user forum. Accessing to tenant's configuration and backend diagnostic tools. Therefore, Microsoft Support is the appropriate channel for investigating and resolving this issue.
When creating the support ticket, make sure to disable AI Assistance in the support experience. This will allow the "Contact Support" option to appear so that your request can be routed directly to a Microsoft support engineer.
Feel free to let me know if you have any additional questions.