Electrolytics on the secondary side of an ATX PSU often have a "cross" shaped indent or crease on top. It's a weak spot designed to let overpressure gas escape from a failing capacitor, instead of exploding in a more dangerous fashion.
If your PSU is very old and tired, you might have smelled gas bursting through the top of a dying capacitor. Once the capacitor has burst, further gas emissions are likley to be much smaller and hence not as easily detectable. Unlikely, but it's one possible explanation. It might equally well be your joss sticks or the neighbours cat.