Somewhere I read that the springers generate more pressure for a brief millisecond and that ignites any oil or lube.
PCP users are always cautioned to only use silicon oils and greases to preclude the issue.
A pcp compresses air when you fill it, slowly compared to the above, and gives off some heat in the process. When fired, the air expands and causes a cooling effect.
Did your "PFFFT" occur during the pumping stage, or when you fired it?.... Since you said it was a muffled "PFFFT", I assume you achieved a detonation while pumping that caused a failure in a seal?....