To my understanding there's nothing special about it except once you get to quantum field theory, and specifically spin-2 particles, which are the ones that hypothetically carry gravity (i.e. gravitons). (They're hypothetically gravitons because mathematically they result in conservation of the "stress-energy tensor", which is the same thing that Einstein's field equations give. And this isn't coincidence; it's because both are second-order field theories preserving Lorentz transforms aka special relativity). But notably if you only get through non-relativistic quantum mechanics, there's nothing special that happens at Planck length.

Planck length becomes special in QFT because at Planck length, the feedback (my force on you affects your force on me affects my force on you etc) of the quantum field mathematically explodes in something called "UV divergence". Notably, this also happens for other force carriers, not just gravitons, but a mathematical trick called Renormalization fixes that. Renormalization is based on shady techniques like assuming the sum of all whole numbers is -1/12. (IIUC this is a fairly straightforward pure mathematical result from complex analysis, required to ensure consistency of Fourier transforms for infinite sequences, known as analytic continuation / Riemann zeta function. Of course it makes no sense that nature should behave that way, but one day some physicists thought "let's try this weird math" and it matched experiments). However that technique only works for lower-spin fields (E&M, weak, strong) because the feedback is linear, hence sum(1+2+3+...). But in spin-2 fields the feedback is (quadratic? exponential?), and the same trick still gives an infinite result.

Ultimately one could say this is the only thing standing in the way of a complete theory of quantum gravity. If we could get the math for gravitons not to blow up at tiny scales, we'd be done (experimental verification notwithstanding). String theory is one attempt: "Let's say there are no point particles, only strings, and this problem goes away". Other approaches exist too. But ultimately right now, there's no way to say for sure whether sub-Planck exists, doesn't exist, exists in some ways but not in others, or whether all of physics is wrong and we have to start over.

A quick addendum: Planck energy is approximately the chemical energy in a tank of gas. Planck mass is about that of an amoeba (so an antimatter bomb made out of an amoeba would explode like a tank of gas (Hiroshima was 0.6 grams of mass), a photon with that energy would have a Planck-length wavelength, and an amoeba-mass black hole is Planck-length). Given there's nothing overly special about Planck energy or mass, my money is on there being nothing special about Planck length either.

Hopefully at least some of the above is correct.