Wholly is an adverb that means "entirely." If a story is wholly inaccurate, no part of it is true.
Do you like to do things the whole way or whole hog, refusing any halfhearted attempts? Then wholly is your kind of word — it means completely, totally, or to the full extent. To give yourself over wholly to the music at a concert means that you are focused exclusively on the experience. If you're wholly committed to a goal, you're going to give it 100% of your time and energy.