I find it interesting that the period from which we have some history about Phaloria, namely the 2nd century BCE, does not align with when we have coins, which would seem to be when the city was at the height of its prominence. These were minted in the 4th and 3rd centuries BCE.
I assume that the image of Athena Parthenos on the obverse implies some reliance or alliance with Athens, though the wolf likely relates to some story we have lost. It appears similar to the wolf on issues of Argos, much further south.
Coins from Phaloria are relatively rare.