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Wet insulation in the walls, weird smell

Hey, I noticed a coin-size dent in the drywall, and decided to dig it out only to discover it's very wet inside. I went a bit further to the side and it was wet too. Ended up removing all gib from the wall and it's wet all over, with water drops in some places. It must be a leak somewhere! I guess it should be somehow related to the gutters..