As with goddess-myths associated with the other asteroids, the myths that pertain to the warrior goddess Pallas Athena reflect socio-historic upheavals as well as archetypal themes. One of the most interesting aspects of Athena's myth, as it has evolved, is the changing nature of her birth. In her earliest form she was said to have been born of Lake Triton in Libya, home of the legendary amazons. Her worship was brought to the Greek islands much later by the Libyans themselves as they emigrated across the Mediterranean sea. The story of her birth reflected this migration, for she was then said to be born of Metis - a sea goddess. Further evolution of her myth reflects the encounter of the goddess worshipping peoples with the patriarchal people invading Greece from the north: Metis (whose name means Wise Counsel), pregnant with Athena, was devoured by the invaders' god, Zeus, who later gave birth to a fully grown and fully armoured Pallas Athena from his head. Later versions of this myth omit altogether any mention of Metis, and depict Athena as having been conceived without a woman's involvement.

Later myth also portrays Athena as bringing about the destruction of both Pallas and Medusa in what appears to be sociological evidence of the attempt to destroy goddess worship. (Pallas, Athena, and Medusa were the three faces of the Libyan version of the triple goddess.) In one of these myths Zeus tricks Athena into killing her Amazonian sister Pallas during a friendly competition. Another myth relates how Athena helped King Perseus to cut off Medusa's head by giving him a mirror to use so he could avoid her deadly gaze. Yet, as much as these myths might have been used as evidence of the wise Athena's denunciation of the Feminine, they also contain symbolism that indicates how Athena preserved the goddess trinity. For, upon the death of Pallas, the grieving Athena placed her sister's name before her own. As for her attitude towards Medusa, she bore Medusa's image upon her breastplate and distributed her blood to healers as a regenerative medicine. The symbolic importance of the mirror in the Perseus-Medusa conflict also hints at Athena's wisdom and gift as a mediator in teaching how to reconcile opposites by seeing in oneself the disowned qualities that are projected onto opponents.

Pallas Athena signifies wisdom and creative problem solving in which a holistic view of conflicting or opposite elements (the Masculine and the Feminine) is required. This sense of fairness is backed up by a willingness to defend or fight for the underdog. Thus Pallas Athena is also associated with fighting for causes. She represents the application of practical skill and creative intelligence in order to best be of service. She was the goddess of war (defence, originally) as well as the goddess of wisdom and culture - patroness of the civilised arts such as pottery, sculpture, weaving, architecture, and animal husbandry. Pallas Athena can also represent the denial of one's own gender in an effort to cope with situations that require the skills of the opposite gender in order to survive, as well as the struggle to rediscover and reconnect with essential qualities of one's own sex. Androgynous conditions and healing through feminine wisdom, energy balancing or conflict resolution are also expressions of the Pallas Athena archetype.